A consumer advocacy group has sued the California Department of Insurance and Commissioner Ricardo Lara to block hundreds of millions of dollars in surcharges that could soon appear on California homeowners’ insurance bills.
Consumer Watchdog said in a press release that those surcharges come from a decision reached by the commissioner last summer to allow the insurance companies that comprise and operate the California FAIR Plan, the state’s insurer of last resort, to pass through costs to policyholders when the FAIR Plan is forced to assess those companies for funds after a catastrophe.
Consumer Watchdog