California Regulator Details 2014 Price Hikes, Says 2015 Increases Will Be Modest

California Insurance Commissioner Dave Jones on Tuesday (July 29) issued a report finding that premiums in California increased significantly from 2013 to 2014, and said that he expects increases to continue because the state has no authority to reject the rates insurance companies have proposed. However, ahead of Thursday's (July 31) announcement from California's state-based exchange on proposed 2015 rates, Jones suggested that issuers will propose less significant increases for next year than they will in future years to avoid...