Insurance reform urgently needed, watchdog says

California’s home insurance market needs urgent reforms to halt the exodus of insurers from California and to stem skyrocketing costs for coverage, a state watchdog said.
For example, the state should allow insurance companies to use computer models and incorporate their own “re-insurance” costs in calculating rate hikes, the Little Hoover Commission said in a report released Thursday, Nov. 21.
But the state should also require insurance companies to base rates on investments h