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Homeowners Insurance

News Release
3/5/2013
Posted by Carmen Balber
Santa Monica, CA – Mercury Insurance, which provides homeowners insurance for about 270,000 Californians, has refused to implement an 8% rate decrease ordered by California Insurance Commissioner Dave Jones and filed a lawsuit to challenge the decision.  Last month, Jones approved a decision by state Administrative Law Judge Kristin L....
News Story
3/5/2013
Posted by Mark Reback
Mercury, which had sought a 7.3% increase, responds by filing a lawsuit seeking to block Insurance Commissioner Dave Jones' ruling. SACRAMENTO — State regulators have ordered Mercury General Corp. to cut its homeowners insurance rates by 8.2%, instead of the increase in premiums that the company had sought. As a result, the Los Angeles...
News Release
2/13/2013
Posted by Doug Heller
Washington, D.C. -- Advocates at the Consumer Federation of America, the National Consumer Law Center, the Center for Economic Justice, Consumer Watchdog, the Neighborhood Economic Development Advocacy Project and the Center for Responsible Lending strongly oppose the decision of the Federal Housing Finance Agency (FHFA) – the federal...
News Story
2/8/2013
Posted by Mark Reback
Rates will fall an average of 12.6% statewide beginning April 15 State Farm, California's biggest homeowners' insurer, is dropping rates an average of 12.6% for more than 1 million policyholders in the state beginning April 15. Customers are expected to see average annual premiums cut by $100 this year. Rates are expected to fall 12.3% in...
News Release
2/7/2013
Posted by Doug Heller
Los Angeles, CA – Insurance Commissioner Dave Jones, State Farm and Consumer Watchdog jointly announced a $160 million rate cut for State Farm’s California homeowners insurance policyholders at a news conference today.  More than a million homeowners and approximately 250,000 renters throughout California will see their premiums...
Blog Post
1/2/2013
Posted by Doug Heller
As Californian's look at their finances for 2013, several thousand homeowners will see savings on their earthquake insurance premiums.  As a result of California's insurance reform law – Proposition 103 – Californian's who purchase earthquake insurance from Chubb or Chartis will be saving a collective $12 million in...
News Story
10/11/2011
Posted by Mark Reback
Reader Clare S. of El Cerrito, CA asks: "Are there any advantages to carrying earthquake insurance if we have little equity in our home?" A: Doug Heller, executive director of Consumer Watchdog, says earthquake insurance protects three things: your equity, the structure itself and your credit rating. Even if you have little or no...
News Story
10/10/2011
Posted by Mark Reback
AUSTIN, TX - Thousands of Farmers Insurance's Texas policy holders will probably miss out on a proposed $455 million settlement in a national class action lawsuit that accused the company of illegally inflating auto and homeowner rates by charging excessive management fees. The case, which started out in a Texas court several years ago, is...
Blog Post
6/15/2011
Posted by Judy Dugan
I'm sure California Insurance Commissioner Dave Jones knew what he was in for when he called together a few dozen consumer-focused organizations to talk about their issues with insurance--health, auto, home, long term care and more. The stories filled a day, and could have gone on for days more--of payment and care denied, policies that...
News Release
6/1/2011
Posted by Consumer Watchdog
Cross-posted from California Department of Insurance: Insurance Commissioner Dave Jones today announced a substantial decrease in homeowner insurance rates by USAA. The recent approval of the company's rate filing reduces rates for most of its California policyholders by an average of 14.9 percent. "Today, I am pleased to...