Things to know about California's new proposed rules for insurance companies
California's insurance commissioner says he will write new rules for insurers in the nation's most populous state SACRAMENTO, Calif. -- Months after California's home insurance market was rattled by major companies pausing or restricting their coverage, the state's top regulator said Thursday that he would write new rules aimed at persuading insurers to continue doing Business in the nation's most populous state. Seven of the 12 largest insurance companies by market share in California have either paused or restricted new policies in the state since last year. Some state lawmakers tried to come up with a bill that would address the issue. But they failed to reach an agreement before the Legislature adjourned for the year last week. Here's a look at what California Insurance Commissioner Ricardo Lara proposed and how it would affect the state's insurance market: WHAT ARE THE RULES FOR INSURANCE COMPANIES? Unlike most states, California heavily reg...