There’s a new effort to fix California’s insurance crisis. The state is cracking down on deadlines in hopes of getting more homeowners covered. Companies must get approval from the Department of Insurance before raising premiums. That process, known as a rate filing, will go back to 60-days with two 30-day extensions allowed. In the past, it’s taken much longer. This may entice providers to return to writing policies.
California Cracks Down on Premium Deadlines for Home Insurers
