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Homeowners Insurance

News Release
2/1/2010
Posted by Consumer Watchdog
Consumer Watchdog Calls on Commissioner Poizner to Protect 230,000 California Homeowners from Safeco's Greed   Santa Monica, CA – Consumer Watchdog has asked the California Department of Insurance to reject the proposed 6.9%, or $13.3 million, homeowners insurance rate hike proposed by Safeco Insurance Company.  Safeco, which is...
News Story
1/28/2010
Posted by Consumer Watchdog
Some people who have GeoVera earthquake insurance in California are getting eye-popping premium increases. John Ross of Berkeley says his premium more than tripled to $4,635 this year from $1,445 last year. Pat Canzian of San Mateo saw a similar increase, to $4,315 from $1,446. David Costa says the premium on his Pacifica home - which is at least...
News Story
1/24/2010
Posted by Consumer Watchdog
This month's big earthquake in Eureka, followed by the far more devastating one in Haiti, should focus attention on the staggering uninsured losses that will result from the next big shaker in California unless something is done soon. Statewide, only 12 percent of homeowners with insurance also have quake coverage. About 70 percent of that is...
News Story
1/8/2010
Posted by Consumer Watchdog
LOS ANGELES, CA -- A California appeals court upheld changes to state insurance regulations that clarified that insurers must pay the cost of challenges to rates deemed excessive. The appellate panel rejected a challenge from the Association of California Insurance Companies and others. The decision in Association of California Insurance Companies...
News Story
1/5/2010
Posted by Consumer Watchdog
A California appeals court ruled that the state’s insurers must compensate consumer advocacy groups when they take action to have a carrier’s rates rolled back, even when a settlement is reached without a hearing. In a decision by a three-judge panel of the California Court of Appeals in Los Angeles, the judges upheld a lower court...
News Story
1/5/2010
Posted by Consumer Watchdog
Consumer groups that successfully challenge insurance rate increases can recoup their legal fees from the insurers, even when the companies drop their requests or agree to a compromise, a state appeals court has ruled. The decision by the Second District Court of Appeal in Los Angeles last week focused on the fine points of a 1988 voter...
News Release
1/4/2010
Posted by Consumer Watchdog
Consumer Watchdog, Dep't of Insurance Win Victory to Protect Prop 103, Save Policyholders Billions Santa Monica, CA – The California Court of Appeal has rejected an attempt by the insurance industry to cripple the right of the public, under Proposition 103, to scrutinize and challenge unjustified rate increases.  The Court agreed with...
News Story
1/4/2010
Posted by Consumer Watchdog
Now that we’re about to entrust health reform to the tender mercies of the insurance industry, it’s sobering to see the skullduggery that one of California’s largest auto insurers is trying to pull on the state’s drivers. If you want a preview of what health insurers may do to premiums if they’re forced to cover...
Feature
12/8/2009
Posted by Consumer Watchdog
For a graph of the nearly $2 billion California consumers saved between 2003 and 2010, click here. Below is a chart of Consumer Watchdog's pending and completed challenges to insurance companies' proposed rate changes in California. Pending PENDING Company/Group Line Description...
News Story
12/2/2009
Posted by Consumer Watchdog
WASHINGTON, D.C. --The U.S. House of Representatives' Financial Services Committee unanimously voted to approve a bill forming a federal insurance office, sending the legislation to the House floor for final consideration. After previous days of debate on the bill, which establishes an insurance office within the Department of the Treasury...