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Homeowners' Insurance

News Release
1/26/2017
Posted by Carmen Balber
San Diego, CA – This morning, Judge Katherine Bacal denied State Farm’s request to block millions of dollars worth of insurance rate decreases from going into effect until February 13, 2017. In November 2016, Insurance Commissioner Dave Jones ordered State Farm to reduce its overall renters and homeowners rates by 7%. Compared to the...
News Story
1/17/2017
Posted by Mark Reback
The California Department of Insurance says State Farm is not moving fast enough to lower its rates for homeowners and renters and it could face billions of dollars in fines if it doesn't speed up the process. The threat of hefty fines, sent Friday to State Farm, escalates an increasingly bitter fight between the department and the Bloomington...
News Story
12/20/2016
Posted by Mark Reback
State Farm customers in California could soon be paying lower premiums for homeowner, condo and renter insurance but will have to wait for the outcome of a lawsuit to know whether they will also get refunds from the company. A judge ruled late Friday that State Farm must abide by a state order to cut its premiums but can hold off on repaying...
News Story
12/19/2016
Posted by Mark Reback
State Farm Insurance must reduce rates by an average of 7 percent for 1.7 million homeowners and renters in California while it challenges Insurance Commissioner Dave Jones' findings that its rates were excessive, a judge ruled Monday. Jones said the decision would save Californians $84 million in the next year. The commissioner has also...
Video
12/16/2016
Posted by Mark Reback
A judge is set to rule on whether State Farm Insurance must refund millions to consumers in California for overcharging them on homeowners and renters policies.
Video
12/16/2016
Posted by Mark Reback
State Farm Insurance is going to court to fight ordered millions in refunds for overcharging consumers on homeowners and renters policies.
News Story
11/9/2016
Posted by Mark Reback
Insurer also ordered to issue refunds California Insurance Commissioner Dave Jones issued an order Monday requiring State Farm General Insurance Co. to reduce its dwelling insurance rates by an average of 7 percent, resulting in an estimated $78.6 million in annual savings for California policyholders, according to an announcement by the...
News Release
11/8/2016
Posted by Carmen Balber
Santa Monica, CA – The landmark insurance reform passed by California voters on Election Day twenty-eight years ago is paying off again today. Over 1.7 million State Farm homeowners, condo owners and renters will collectively receive more than $100 million in refunds and save $156 million per year in premiums under an order issued late...
News Story
11/8/2016
Posted by Mark Reback
If you’re a State Farm Insurance customer, you could be in for a rate reduction from the company. The company has been ordered to reduce its homeowner and rental insurance rates by an average of 7 percent, state Insurance Commissioner Dave Jones announced Monday. The 7 percent decrease will amount to $78.6 million. The homeowner insurance...
News Release
10/19/2016
Posted by Carmen Balber
Santa Monica, CA – Answering Consumer Watchdog’s call on State Farm to drastically reduce its dwelling insurance rates, California’s largest homeowners insurance company has agreed to slash these rates by 40%. State Farm’s dwelling insurance protects policyholders who need to insure a home other than the one they occupy....