Home › Auto Insurance

Auto Insurance

News Story
5/1/2008
Posted by Consumer Watchdog
SACRAMENTO, CA -- The cost of purchasing auto insurance in California -- strictly regulated since 1989 -- is poised to increase, consumer advocates are warning this week, under two proposals working their way through legislative and regulatory bodies. A proposed law by Assemblyman Joe Coto, D-San Jose, which passed a committee hearing Wednesday,...
News Story
5/1/2008
Posted by Consumer Watchdog
An activist says the regulations will lead to higher rates. Officials say he's wrong. New rules for setting rates on car, home and other insurance policies in California will result in higher premiums for businesses and individuals, a consumer advocate charged Wednesday. The regulations adopted Tuesday by the state Department of Insurance "...
News Story
5/1/2008
Posted by Consumer Watchdog
SACRAMENTO, CA -- A consumer group on Wednesday accused state Insurance Commissioner Steve Poizner of adopting emergency regulations that would lead to higher rates for auto, homeowner and most other types of insurance coverage. In a sternly worded letter, Consumer Watchdog founder Harvey Rosenfield said Poizner had violated campaign promises by...
Blog Post
4/30/2008
Posted by Consumer Watchdog
Consumers could use a friend on the Assembly Insurance Committee. I testified against two bills the committee passed this morning that will cause consumers to pay more for their auto insurance and violate voter-approved Proposition 103. One of them (AB 2800 by Assemblyman Huffman) has the laudable goal of creating insurance incentives for people...
News Release
4/30/2008
Posted by Consumer Watchdog
Industry-Drafted Proposals Will Lead to Higher Insurance Rates   Insurance Commissioner Steve Poizner has quietly adopted insurance industry proposals to weaken the rate regulations that led to last week’s $250 million reduction in Allstate’s rates and over $61.8 billion in savings since the passage of the 1988 insurance reform...
News Story
4/25/2008
Posted by Consumer Watchdog
SACRAMENTO, CA -- A California Superior Court judge denied an Allstate petition to halt a state order to slice its automobile insurance rates by 15.9%, or approximately $124 per vehicle per year. Judge Peter Busch ordered the company to comply with the March order from Insurance Commissioner Steve Poizner, which takes effect April 28. Allstate...
Blog Post
4/25/2008
Posted by Consumer Watchdog
I'm going to happy hour tonight, and the whole office is coming with me. It's a rare occurrence that anyone around here leaves the office before 5pm, let alone all of us at the same time. But we've got reason to celebrate. This year is the 20th anniversary of when voters approved insurance-reform initiative Proposition 103, written by Consumer...
News Story
4/25/2008
Posted by Consumer Watchdog
On the same day a new study dubbed California the nation's leader in holding the line on auto insurance rates, a judge in San Francisco denied Allstate's bid to delay cutting its rates an average of 15.9 percent as the insurer appeals state action ordering the reduction. Allstate said Thursday that it will continue to appeal the auto insurance...
News Release
4/24/2008
Posted by Consumer Watchdog
A San Francisco judge refused auto insurance giant Allstate’s request to block a $250 million auto insurance rate decrease set to go into effect next Monday.   Last month, California Insurance Commissioner Steve Poizner ordered Allstate to reduce its auto insurance rates by 15.9%.  Allstate went to court to stop the decrease from...
News Story
4/24/2008
Posted by Consumer Watchdog
A San Francisco Superior Court judge on Thursday ordered Allstate Insurance to comply with a regulatory order to lower annual auto insurance rates by an average of $133 per vehicle. The ruling means that Allstate must comply with the order issued in March by the state Department of Insurance to lower rates an average of 15.9 percent. That works...