Bid to Overturn Rate Rollbacks Heads to Court : Insurance: Trial begins in 20th Century Insurance Co.’s challenge to Proposition 103.
Four years ago, California voters poured sugar in the insurance industry’s gas tank. Fed up with rising premiums and what they saw as the industry’s indifference to their pain, they voted themselves a 20% rate rollback and other reforms under Proposition 103. The vote sparked similar legislation across the country and prompted much soul-searching in … Read more