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California Property Insurance Debate Heats Up Over Prop 103

Name: California Property Insurance Debate Heats Up Over Prop 103
Uploaded: 2025-10-08T06:00
Channel: NBC Palm Springs
Description: A debate is emerging in California over whether Prop 103, a 1988 law designed to regulate insurance rates, should be updated. Insurance companies argue the law is outdated and hampers their ability to respond to disasters, while consumer watchdogs say it has saved Californians billions and protects everyday policyholders.

By: NBC Palm Springs

October 8, 2025

CaliforniaProp 103property insuranceinsurance ratesconsumer protectioninsurance reformballot initiativewildfireswatchdogspolicy debate

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