State Farm Gen. Ins. Co. v. Lara, No. D075529, 2021 Cal. App. LEXIS 919 (Ct. App. Oct. 29, 2021)
Under the prior approval of rates scheme enacted by Prop. 103 (Ins. Code 1861.05; Cal. Code Regs., titl 10, 2644.20), the Insurance Commissioner must consider the insurer's investment income as against losses, costs and reserves in determining whether the rate is reasonable. This decision holds that the Commissioner must use only the investment income earned by the insurance company seeking… Read More