“The commissioner is an elected official and he’s trying to serve his constituents in a way that does not favor market forces," said David Russell, a professor of insurance and finance at California State University, Northridge. "But if you suppress rates, you’re going to get availability problems.”
https://www.kpbs.org/news/local/2022/09/26/insurers-say-californias-inaction-threatens-auto-policies
--KPBS
Clip Category
Northridge