Is California's new deal with insurers a good deal for consumers? Depends on who you talk to

Name: Is California's new deal with insurers a good deal for consumers? Depends on who you talk to
Uploaded: 2023-09-22T19:16:00-0700
Duration: 3 min 7 s
Description: We talked both with the insurance commissioner and consumer advocates today. The pros, according to the insurance commissioner, are that his new deal -- will keep insurers in California and encourage them to start writing policies again in wildfire zones. But critics warn that insurers will now get to increase rates based on future threats, which, they say, could be costly for all of us.

We talked both with the insurance commissioner and consumer advocates today. The pros, according to the insurance commissioner, are that his new deal -- will keep insurers in California and encourage them to start writing policies again in wildfire zones. But critics warn that insurers will now get to increase rates based on future threats, which, they say, could be costly for all of us.