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Prop 103

News Story
9/21/2017
Posted by Mark Reback
In response to an investigative report, the California Department of Insurance has ordered Nationwide and USAA to not charge motorists in minority neighborhoods more than policyholders with similar risk profiles who live in predominantly white neighborhoods. Released in April 2017, a report by ProPublica examined publicly-available auto insurance...
News Release
9/20/2017
Posted by Harvey Rosenfield
Santa Monica, CA -- Acting in response to an investigative report by journalists at ProPublica, the California Department of Insurance has ordered two insurance companies – Nationwide and USAA – to not charge motorists in minority neighborhoods more than motorists with similar risk profiles who live in predominantly white neighborhoods...
News Story
9/20/2017
Posted by Mark Reback
The state changed its approach in response to ProPublica’s finding that minority neighborhoods were paying higher premiums than white areas with the same risk. This story was co-published with Consumer Reports. California regulators said they have required Nationwide and USAA to adjust their auto insurance rates as a result of a report...
News Story
8/25/2017
Posted by Mark Reback
Farmers Insurance has asked a court to block a state review of its auto insurance rates dating to 2008, making it the latest case to test the limits of California’s landmark insurance law, Proposition 103. The Woodland Hills firm, a unit of Swiss multinational Zurich Insurance Group, argued in a lawsuit last week that a plan by the...
News Release
6/21/2017
Posted by Carmen Balber
Santa Monica, CA – Consumer Watchdog has filed a petition challenging the insurance rates that two companies in the Travelers Group want to charge small businesses. The consumer group is seeking a 20% cut to the rates Travelers currently charges, which would deliver about $20 million in savings to policyholders. Travelers’ rate...
News Story
6/19/2017
Posted by Mark Reback
The 1988 Proposition 103 has saved California consumers more than $100 billion in excessive auto insurance premiums since voters passed it by a slim 51-49 percent margin, probably the reason for an unrelenting legal onslaught by the insurance industry. No one has calculated the accompanying savings in prices for homeowners insurance and other...
News Release
5/11/2017
Posted by Harvey Rosenfield
Santa Monica, CA – The California Supreme Court has rebuffed an assault by Mercury Casualty Co., State Farm, Allstate, Farmers and other insurance companies on Proposition 103, the landmark insurance reform law that has saved California consumers over $100 billion since voters passed it in 1988. The Court let stand a lower court ruling that...
News Story
4/29/2017
Posted by Mark Reback
Six members of Congress and two Illinois state senators are pushing for closer scrutiny of insurance practices Six Democratic members of Congress are urging Treasury Secretary Steven Mnuchin to appoint a director for the Federal Insurance Office, which monitors access of minority and low-income Americans to affordable insurance, and has been...
News Story
4/26/2017
Posted by Mark Reback
In response to our report that minority neighborhoods pay higher premiums than white areas with the same risk, six members of Congress and two Illinois state senators are pushing for closer scrutiny of insurance practices Six Democratic members of Congress are urging Treasury Secretary Steven Mnuchin to appoint a director for the Federal Insurance...
News Release
4/5/2017
Posted by Connor
Santa Monica, CA – An analysis released today by non-profit journalists at ProPublica finds that four auto insurance companies in California mark up prices by as much as 32% for drivers in minority neighborhoods as compared to white neighborhoods with similar risk. In a letter sent today Harvey Rosenfield, the author of Proposition 103, and...