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Jane Kim plans 70% and 65% insurance loss ratio minimums

She declared herself the winner after Ben Allen called to concede on Nov. 6, and her campaign proposes minimum loss ratio standards of 70% for auto and 65% for homeowners insurance.

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Why it matters: The auto and homeowners minimums would be calculated over rolling three-year periods.

For information only, not investment advice.

Jane Kim declared herself the winner of the California Insurance Commissioner race after Ben Allen called to concede on Nov. 6.2 Her campaign plans minimum loss ratio standards of 70% for auto insurance and 65% for homeowners insurance, over rolling three-year periods.1

Sources

  1. Jane Kim's Priorities, Jane Kim for Insurance Commissioner
  2. Election results: Ben Allen concedes California insurance commissioner race to Jane Kim, Press Enterprise

Tags: elections · regulation

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