ICLE on Insurance Regulation in California

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Insurance Portal – An ICLE white paper about California’s Proposition 103 insurance-regulatory system  was cited the subject of a story in Insurance Portal. You can read full piece here.

For those curious about why a company would exit certain markets altogether, as has been the case with State Farm exiting California’s homeowners’ insurance market in 2023, followed shortly by the exit of Allstate – a new whitepaper from the International Center for Law & Economics takes an in-depth look at California’s Proposition 103, which they say makes the ratemaking process there unpredictable at best.