The California Department of Insurance ordered hearings last week into proposed rate increases by GeoVera and Fireman's Fund for earthquake insurance coverage.
The Santa Monica-based Foundation for Taxpayer and Consumer Rights said the hearings were a result of its petitions to block those rate increases as excessive.
The Department of Insurance granted hearings on both a proposed 6.8 percent rate increase by GeoVera, California's largest independent earthquake insurer, and a proposed 25 percent increase in Fireman's Funds earthquake insurance rates.
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