With claim frequency down, legislative reforms reducing claim costs, and competition increasing, insurers cut premium rates to the lowest level since 2000, pushing California's total direct written premium down $1.5 billion to $14.6 billion in 2005.
With claim frequency down, legislative reforms reducing claim costs, and competition increasing, insurers cut premium rates to the lowest level since 2000, pushing California's total direct written premium down $1.5 billion to $14.6 billion in 2005.