In a move echoed in other areas such as Florida, the California Insurance Commissioner reportedly has ordered Allstate to cut Premiums on Automobile Insurance by 15.9%. That would reduce Premiums by about $133.00 a car and it would be twice the reduction that Allstate offered its Automobile Insurance Policyholders. Marc Lifsher, "Allstate Must Cut California Auto Insurance Rates 15.9%" (Los Angeles Times Online, Wed., March 19, 2008).
It is also reported that the next front on the Premiums battleground in California will come in the area of Homeowner's Insurance.
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