T_R_Oglodyte
TUG Lifetime Member
The article mentions that non-admitted insurers will not be affected by these charges. The article also states that non-admitted insurers have only a small portion of the market.
I think that is likely to change. When we moved to North County San Diego a year ago, we purchased coverage from a non-admitted insurer. Our premium was half the cost, for equivalent coverage, compared to what we could get from the one admitted carrier who willing to give a quote. This is just going to create more incentive for people to switch to non-admitted insurers. And as non-admitted insurers command larger market share, that will increase the financial problems faced by the FAIR plan.
The Consumer Watchdog group mentioned in the article seems to be doing an excellent work, assuming their mission is to drive private insurers out of the California marketplace.