Latin American Agents Will Wait and See How Auto Regs Affect Customers in California

“The Latin American Agents Association said it will wait and see how insurers react to newly imposed automobile rating regulatiosn in California. After the Superior Court denial, and Appeals Court rejection of the insurer association coalition’s request for an injunction blocking implementation of new rate regulations, the Latin American Agents Association (LAAA) released the following statement:

“The LAAA is anxiously waiting to see whether the new limits on territorial weighting will result in suburban and rural drivers ’subsidizing’ premiums of urban and inner city drivers, as some groups have claimed, or if drivers across the state will receive premium relief consumer groups and the California Department of Insurance believe has been owed to drivers since the passage of Proposition 103 nearly two decades ago.”

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