Consumer Watchdog: Insurance Commissioner Seeks to Avoid State Review of Regulation Permitting Insurers to Use Secret Black-Box Models to Set Rates
December 14, 2024
December 14, 2024
LOS ANGELES, California, Dec. 14 -- Consumer Watchdog issued the following news release:
On December 5, 2024, Consumer Watchdog sent a letter to California's Office of Administrative Law ("OAL") objecting to the Department of Insurance's ("the Department") use of the Administrative Procedure Act's "ratemaking" exemption in connection with its "catastrophe modeling" regulations. Normally, when a state agency is promulgating offic . . .
On December 5, 2024, Consumer Watchdog sent a letter to California's Office of Administrative Law ("OAL") objecting to the Department of Insurance's ("the Department") use of the Administrative Procedure Act's "ratemaking" exemption in connection with its "catastrophe modeling" regulations. Normally, when a state agency is promulgating offic . . .