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California's Auto Insurance Crisis
This chapter delves into the alarming rise in auto insurance costs in California, projected to climb by 54% by year-end due to increased claims and insurer withdrawals. It explores the implications of recent regulatory efforts by the state's Department of Insurance to control prices amid economic strains, particularly affecting the middle class. Additionally, the chapter discusses the introduction of alternative insurance options like the FAIR Plan and the ripple effects of these policies on individuals and businesses in California.