Insurers vow to fight order to repay policyholders.

Summary


Order of the California Department of Insurance to comply with the rate rollback provision of Proposition 103

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Extract


Insurers vow to fight order to repay policyholders.

Claim move would drastically slash their profitability

Los Angeles-based insurers vowed to challenge California Department of Insurance orders issued last week requiring them to return millions of dollars to policyholders under the rate rollback provision of Pr...

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