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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.
The State of California has in existence an automobile Liability insurance program (LCA) that assists people whose income is below a certain level to purchase insurance at greatly reduced rates. The objective is to give all residents of California the opportunity to be insured by providing affordable options. [1]
This includes at least $15,000 for bodily injury liability per person, $30,000 per accident and $5,000 for property damage liability. While insurance companies in California must offer uninsured ...
California is as car crazy as ever, with insurance rates increasing to match. Data analyzed by the insurance comparison website Insurify showed the average annual cost of full coverage in ...
4. Consider pay-per-mile insurance. You may have heard of usage-based insurance or pay-per-mile insurance.While they’re slightly different types of policies, they can save you money.
Public liability insurance or general liability insurance covers a business or organization against claims should its operations injure a member of the public or damage their property in some way. Directors and officers liability insurance (D&O) protects an organization (usually a corporation) from costs associated with litigation resulting ...
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