California Agents Call To Action
Over the past three weeks a grand legislative deal has been negotiated between insurers, the California Department of Insurance, and lawmakers. It now looks doomed as lawmakers have turned it into a Christmas tree, adding pork and provisions never negotiated. If the market is to stabilize, we need the negotiated deal!
We have made this very easy for you to take action with a few mouse clicks and key strokes. This deal will provide for an expedited rate approval process to prevent the department from slow-walking rate filings, often for years. Insurers will be allowed to expense their cost of reinsurance and they will be allowed to use modeling for wildfire risks. It will also ensure the FAIR Plan is financially sound. This legislative deal will induce insurers to increase their appetite for new business once again. Please take action NOW!