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    California consumer group blasts insurance bill backed by Newsom

    by Laurence Darmiento, Los Angeles Times May 29, 2024 3 minutes
    A firefighter battles a roaring house fire last year in Malibu, California, where residents must prepare for huge increases in fire insurance premiums regardless of the condition of their homes and properties.

    A bill backed by Gov. Gavin Newsom that is intended to halt more exits from California's troubled homeowners insurance market by speeding up reviews of proposed rate hikes drew sharp criticism Wednesday from an influential consumer group.

    The administration this week released the draft of a bill Newsom that he said would limit the review process of proposed rate hikes to 60 days. But the draft allows the Department of Insurance to seek 30-day extensions beyond

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