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  2. 1988 California Proposition 103 - Wikipedia

    en.wikipedia.org/wiki/1988_California...

    Proposition 103, titled Insurance Rate Reduction and Reform Act, was a California ballot proposition voted on in the 1988 California General Election. It passed with 51% of the vote on November 8, 1988. [1] Proposition 103 expanded the regulatory capacities of the California Department of Insurance, especially in property and casualty insurance.

  3. Gov. Newsom seeks faster review of insurance rate hikes ... - AOL

    www.aol.com/news/gov-newsom-seeks-faster-review...

    Rex Frazier, president of the Personal Insurance Federation of California, a trade group of property and casualty insurers, said despite the promise of 60-day rate reviews under Proposition 103 ...

  4. California Department of Insurance - Wikipedia

    en.wikipedia.org/wiki/California_Department_of...

    Its budget is primarily derived from funds generated by license fees, assessments, and Proposition 103 recoupment fees. The CDI licenses over 1,500 insurance companies and more than 320,000 insurance agents and insurance brokers in the state of California, United States. The current California Insurance Commissioner is Ricardo Lara.

  5. Limited home insurance options in California as major ...

    www.aol.com/finance/limited-home-insurance...

    Bankrate’s premium data from Quadrant Information Services indicates that the annual average cost of home insurance in California is $1,217 for $250,000 in dwelling coverage, which is about 28 ...

  6. Home insurance - Wikipedia

    en.wikipedia.org/wiki/Home_insurance

    The remaining 21.3% of home insurance policies were covered by renter's or condominium insurance. 14.8% of these had the HO-4 Contents Broad form, also known as renters' insurance, which covers the contents of an apartment not specifically covered in the blanket policy written for the complex. [13]

  7. California auto insurance rates are skyrocketing: Here's why ...

    www.aol.com/news/california-auto-insurance-rates...

    Another factor compounding insurance rates is the cost of medical bills in the event of an accident. Hospital service costs rose 6.7% nationally between January 2023 and January 2024, the U.S ...

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