California's Regulatory Restrictions Contribute to Risk Crisis
March 15, 2024
March 15, 2024
NEW YORK, March 15 -- The Insurance Information Institute issued the following news release:
California's regulatory restrictions to fair, actuarially sound insurance pricing and underwriting, coupled with the need for more mitigation and resilience efforts in the state, are putting financial pressure on insurers and contributing to limited availability of property insurance in high-risk markets, according to the Insurance Information Institute's (Triple-I) latest Issues Brief.
California's regulatory restrictions to fair, actuarially sound insurance pricing and underwriting, coupled with the need for more mitigation and resilience efforts in the state, are putting financial pressure on insurers and contributing to limited availability of property insurance in high-risk markets, according to the Insurance Information Institute's (Triple-I) latest Issues Brief.