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Proposition 103

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 Release
12/15/2016
Posted by Harvey Rosenfield
Santa Monica, CA – Consumer Watchdog will be in court tomorrow to oppose a request by State Farm, California’s largest insurance company, to postpone refunds of more than $100 million in overcharges on home, condo and renters insurance, and delay a 7% rate cut that would save customers $156 million per year (including the savings from...
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 Release
12/8/2016
Posted by Harvey Rosenfield
Santa Monica, CA – State Farm, the nation’s largest insurance company, has filed two lawsuits seeking to overturn an order by the Insurance Commissioner that the company cut its home condo and renters insurance rates by 7% – which would save customers $156 million per year as compared to the rates requested by State Farm –...
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 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...
News Release
10/19/2016
Posted by Carmen Balber
Santa Monica, CA – Answering Consumer Watchdog’s call on State Farm to drastically reduce its dwelling insurance rates, California’s largest homeowners insurance company has agreed to slash these rates by 40%. State Farm’s dwelling insurance protects policyholders who need to insure a home other than the one they occupy....