INSURANCE
From Times Staff and Wire Reports
Insurance Rebate Trial Ends: Hearings have ended in 20th Century Insurance Co.’s challenge to Insurance Commissioner John Garamendi’s implementation plan for Proposition 103, which imposed a 20% across-the-board rate rollback for auto and homeowners insurance. Judge Dzintra I. Janavs will rule within 90 days. Garamendi is accused of exceeding his authority under Prop. 103 by trying to use the rate-rollback initiative to limit insurers to profit levels below those allowed public utilities.
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