An article in the Sacramento Business Journal reports that an association of insurers has sued to block California Insurance Commissioner John Garamendi from implementing a proposal to impose limits on the types of Long Term Disability (LTD) Insurance that could be sold in California. One element of Garamendi's plan is a prohibition on reducing LTD benefits on account of Social Security disability benefits. According to the lawsuit, Garamendi's proposals would increase costs for group LTD by as much as 46% and for individual LTD policies by as much as 33%.
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