Oct. 17, 2023
California’s property insurance: balancing consumer interests and industry needs
The road ahead for California’s property insurance landscape is one of cautious optimism. The impending changes to Proposition 103 could redefine the balance between consumer protection and industry viability.
Daniel J. Veroff
Attorney
Merlin Law Group
Veroff is a veteran of 15 of California's 20 most destructive wildfires in history and has handled numerous other types of property loss and business interruption claims.
Rudy Tap
Attorney
Merlin Law Group
Tap represents individuals and business owners seeking to recover insurance benefits after catastrophic property damage losses at Merlin Law Group.
The Golden State’s property insurance landscape is evolving rapidly, with discussions predominantly centered on affordability. While insurance providers have long voiced concerns over Proposition 103, citing it hampers their ability to adequately price products in the wake of increasing catastrophes, Californians have enjoyed its protective umbrella, ensuring one of the nation’s most affordable insurance markets.
The insurance carriers’ pr...
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