Consumer Watchdog has expressed concerns regarding actions taken by Insurance Commissioner Lara that may diminish consumer participation in insurance rate reviews, potentially costing consumers billions. Lara’s recent unilateral decisions follow a two-month period of advocacy against a budget trailer bill they believed would exclude the public from key processes in reviewing rate increases of less than 7%. The organization argues that such changes could lead to faster approvals of rate hikes without sufficient public scrutiny, undermining their historical savings achieved through consumer intervention. Consumer Watchdog plans to analyze these new procedures to see if they violate existing regulations.
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