Despite the claims of the state's lieutenant governor, the issue of underinsured homeowners in the wake of the recent California wildfires cannot be blamed on the insurance industry, according to the head of an insurance industry group.
Robert P. Hartwig, president of the Insurance Information Institute, said allegations by California Lieutenant Governor John Garamendi "held no water," given the facts of the issue.
At an Oct. 24 press conference with Gov. Arnold Schwarzenegger, Mr. Garamendi commented that the state would keep its eye on the industry.
Recommended For You
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
