SACRAMENTO, Calif., Aug. 11 -- The California Department of Insurance issued the following press release:
SACRAMENTO, Calif.- Insurance Commissioner Ricardo Lara today announced that new transparency and accountability reforms are now in effect, modernizing California's insurance rate review process and strengthening consumer protections. These reforms increase public access to information,establishclearer standards for intervenor participation, and ensure stronger oversight of costs that canultimately bepaid by policyholders.
"These reforms put the power of transparency directly into consumers' hands, where it belongs," said Commissioner Lara. "Every dollar matters for Californians who are struggling to find and afford insurance. They ha...