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Homeowners Insurance

Video
2/17/2016
Posted by Mark Reback
Allstate cuts its homeowners' insurance rates after Consumer Watchdog shows they've been overcharging customers for years.
News Story
1/13/2016
Posted by Mark Reback
Click here to listen to the audio of this radio broadcast segment. In Washington on Wednesday, lawmakers are scheduled to hear about flood insurance, which seems like a good idea. Flooding along the Mississippi River in the past few weeks will be one of the costliest winter floods in history. That price tag has some lawmakers wondering if the...
News Release
11/16/2015
Posted by Carmen Balber
San Francisco, CA – State Farm’s request for a 6.9% increase in its homeowners insurance premiums goes to trial this morning in San Francisco. Consumer Watchdog, one of two organizations bringing the legal challenge before the California Department of Insurance, says the company’s rates are already too high, and should be reduced...
News Story
10/23/2015
Posted by Mark Reback
With the strongest El Niño conditions in nearly 20 years already underway in the Pacific Ocean and chances increasing for heavy storms this winter, federal emergency officials on Friday urged Californians to buy flood insurance -- even those who don't live near creeks or rivers. "We encourage everyone to take the threat seriously,...
News Story
10/22/2015
Posted by Mark Reback
State Farm's proposed 6.9% homeowners' insurance rate increase for 1.7 million California homeowners faces a challenge from Consumer Watchdog, which claims the rate would overcharge consumers $210 million annually if it takes effect. But State Farm defended the hike, saying exposure to catastrophic losses in California is possibly "...
News Release
10/20/2015
Posted by Carmen Balber
Santa Monica, CA -- Consumer Watchdog has challenged a rate increase proposed by State Farm, the state’s largest homeowners insurance company, that would overcharge consumers by approximately $210 million a year were it to take effect.  State Farm has made $1.5 billion in profits from its California homeowners line over the last 5 years...
News Release
7/23/2014
Posted by Pam Pressley
Santa Monica, CA – Consumer Watchdog has petitioned Insurance Commissioner Dave Jones to hold public hearings on the excessive rates of three top homeowners insurers – Allstate, CSAA, and Liberty Mutual. Additionally, Consumer Watchdog petitioned the Commissioner to reject CSAA’s (Northern California Auto Club) request to hike...
News Story
5/9/2013
Posted by Mark Reback
Huge insurer Mercury Insurance Group has lost part of its ongoing legal challenge over homeowners insurance rates. Sacramento Superior Court rejected Mercury's petition to delay implementing a rate decrease ordered by state regulators. As a result, about 270,000 Californians who insure their homes through Mercury will save more than $16.5...
News Release
5/8/2013
Posted by Doug Heller
Santa Monica, CA – Mercury Casualty Company must implement an 8% rate decrease to its homeowners insurance rates as required by California Insurance Commissioner Dave Jones, according to a ruling issued by Sacramento Superior Court Judge Eugene L. Balonon on Tuesday, denying Mercury’s request to delay the decrease from taking effect....
News Story
3/6/2013
Posted by Mark Reback
The California insurance commissioner Tuesday said he would defend in court his decision to require Mercury Insurance Co., to reduce its homeowners-insurance rates in the state effective in June. The suit is the latest in a string of enforcement actions, voter initiatives, and court challenges pitting Mercury General and its chairman, George...