Lara’s New Draft Regulation Not Improved: Loopholes Still Free Insurers From Promises to Sell More Coverage; Public Calls for Model Transparency, Accountability Go Unanswered, says Consumer Watchdog

LOS ANGELES, Oct. 2, 2024 /PRNewswire/ — Consumer Watchdog said today’s amendments to Insurance Commissioner Ricardo Lara’s regulations that let insurance companies hike rates based on secret algorithms related to climate models still do not expand coverage for policyholders who have…