Home › Prop 103

Prop 103

News Story
1/16/2017
Posted by Mark Reback
Prop. 103 has saved consumers Re “Are insurance rates better under Prop. 103?” (Insight, Jan. 13): The article about consumer rate challenges under Proposition 103 misleads the public about where its critique comes from. William Gausewitz is quoted as a source. Gausewitz lobbied for the insurance industry, and after leaving his job...
News Story
12/29/2016
Posted by Mark Reback
A banking scandal, exploding phones and the ongoing roller coaster of PG&E rate changes were among the top stories raising the ire of consumers this years. Perhaps the worst was the Wells Fargo bank scandal in which employees secretly opened millions of bogus credit and bank accounts to meet sales targets, and then funded many of those...
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
12/9/2016
Posted by Mark Reback
A request by State Farm to block an order requiring it to issue more than $100 million in premium refunds will be considered next week in San Diego County Superior Court. California Insurance Commissioner Dave Jones, citing authority of the state's landmark Proposition 103, ordered the Bloomington, Ill., insurer in November to issue the...
News Story
12/7/2016
Posted by Mark Reback
Last month, California Insurance Commissioner Dave Jones ordered more than $100 million in refunds for nearly 2 million State Farm policy owners, alleging the company charged excessive rates for its homeowners and renters insurance. It apparently was the first such refund approved since California’s landmark Proposition 103 rolled back...
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 Story
10/21/2016
Posted by Mark Reback
California Insurance Commissioner Dave Jones announced on Oct. 19 that State Farm General Insurance Co. has agreed to reduce its Rental Dwelling Program policyholders’ rates statewide by an average of 40 percent, effective Feb. 1, 2017. According to Jones, rental property owners and small-business clients will see an estimated $101.1 million...