Tap to enable a layout that focuses on the article.
Advertisement

CALIFORNIA IN BRIEF : CALIFORNIA : Judge Delays Rate Hike by Insurer

From Times Staff and Wire Reports

Los Angeles Superior Court Judge Miriam A. Vogel declined to act immediately on a bid by attorneys for the Metropolitan Property and Liability Insurance Co. to get a court order allowing the firm to raise its rates by 20%, despite Insurance Commissioner Roxani Gillespie’s 4-month-old freeze on auto insurance rate increases. Vogel declined to hear the matter immediately, since all cases related to Proposition 103 are supposed to be consolidated in a single court as early as next week. Kent Keller, an attorney for the Rhode Island-based carrier that does $24 million in annual auto insurance business in California, said the company is actually losing $16 million a year in California, but in the interest of competition, would not want to raise its rates too high.

Sign up for the L.A. Times California Politics newsletter

Deeply reported insights into legislation, politics and policy from Sacramento, Washington and beyond. In your inbox twice per week.

Advertisement
Advertisement