Allstate

Court Rejects Insurance Industry Sleight-of-Hand

“Hocus pocus.”  “Smoke and mirrors.”
 
These words appeared late Friday afternoon in a published decision of the California Court of Appeal in Sacramento describing the insurance industry’s latest failed attack on the consumer protections of insurance reform Proposition 103.
 
The Court upheld Prop 103 rules that prevent insurance companies from earning excessive profits and prohibit them from passing on excessive costs – like sports sponsorships – to consumers.
 

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