“California is the only state in the country that doesn’t allow insurers’ rates to be based upon actual reinsurance costs,” says Rex Frazier, president of the Personal Insurance Federation of California.

“California is the only state in the country that doesn’t allow insurers’ rates to be based upon actual reinsurance costs,” says Rex Frazier, president of the Personal Insurance Federation of California.https://t.co/EetGWy7EMA

— Jon Miltimore (@miltimore79) June 2, 2023