With insurers continuing to pull back from the California's homeowners' market, Gov. Gavin Newsom wants to speed up the process by which the companies have their requests for rate hikes reviewed. The governor said Friday that he is backing a bill that would require the Department of Insurance to complete reviews of proposed premium increases within 60 days to halt any more exits from the market. Here's what to know: What exactly did the governor say? Newsom said that immediate steps need to be... Read this story
