CDI Requests Insurers to Submit Rate Decrease Application Filings

Hinshaw & Culbertson LLP
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The California Department of Insurance (CDI) Rate Regulation Division is being more proactive in making sure that rates are not excessive. In that connection, the CDI has been reviewing insurers’ loss ratios. The CDI’s concern is that insurers are overlooking the need to make rate decrease applications when the results would suggest that they may be charging an excessive rate. The CDI is looking at all lines of insurance in connection with its review.

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