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Insurers Bowing To Garamendi Auto Rules

Sam Sorich, president of the Association of California Insurance Companies, said the group hasn't decided whether or not to pursue an appeal to obtain a stay, and wondered whether pursuing such an app

By Matt Brady | Updated on August 23, 2006

Auto insurers have begun complying with new rate setting regulations for California drivers, although the industry is continuing to challenge the new rules in court.

Chubb announced yesterday it would file a new rate filing and class plan in compliance with the new regulations–a move that State Farm, California’s largest auto insurer, announced last week.

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