WSJ: California's Governor-Elect Insurance Commissioner Advocates for Caps on Home and Auto Insurance Profits
According to *The Wall Street Journal*, Jane Kim, who will take office as California Insurance Commissioner next year, advocates capping profits for home and auto insurers and wants the state to provide wildfire insurance for all residences. The report places these proposals in the context of shifts in insurance regulatory positions across multiple states following the midterms. These are policy proposals by the official-elect; California has not implemented a profit cap or approved specific insurance programs.
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