Seven of the nation’s 10 lowest rates are in California, as high home prices discourage moving and owners who locked in low-interest mortgages stay put.
Company is accused of sharing pricing information with landlord subscribers, stifling competition and keeping rents high, U.S. Department of Justice says.
The Insurance Department is now expected to accept or reject applications within 60 days, a limit established by a 1988 ballot measure but often exceeded.