AB 2167: An end-run on regulations that make insurers justify rate increases
While Californians are hunkered down to survive the pandemic, the insurance industry is sneaking AB 2167 (Daly) through the legislature. It would short circuit the Insurance Commissioner’s rate review process, which requires insurers to base homeowners’ rates on justified factors. It is estimated that AB 2167 could increase rates by another 40%, on top of substantial rate hikes that homeowners are already paying.