Home › vs. Insurers

vs. Insurers

News Release
11/14/2008
Posted by Consumer Watchdog
Santa Monica, CA -- California drivers with Explorer auto insurance coverage will save $8.3 million per year under an order issued this week by Insurance Commissioner Poizner that requires the company to lower its premiums by 15%. The rate decrease must take effect by December 12, 2008.   Explorer had requested a 17.7% increase in the rate...
Blog Post
9/2/2008
Posted by Consumer Watchdog
The CNBC anchors acted like I'd yelled fire in a crowded movie house when I pointed out this morning that it was investment losses driving insurance premium increases, not Hurricane Gustav or Katrina. You can watch the clip here  "A big allegation," the insurance industry spokesperson I was debating agreed. Well, the trade press...
News Story
8/5/2008
Posted by Consumer Watchdog
The State Insurance Chief Settles with Allstate, Which Agrees Not to Oppose a 28.5% Homeowners' Rate Cut. California Insurance Commissioner Steve Poizner has quietly dropped an effort to seek refunds for Allstate Corp. policyholders who might have paid too much for their homeowners' coverage in recent years. Critics immediately denounced his...
Blog Post
7/17/2008
Posted by Consumer Watchdog
Last week, Allstate was ordered by the Insurance Commissioner to reduce its homeowners insurance rates by approximately $242 million - an average $250 savings for each Allstate policyholder. The reduction followed on the heels of another quarter-billion rate reduction, that time for Allstate's auto customers, back in March. Consumer Watchdog...
News Release
7/14/2008
Posted by Consumer Watchdog
20 Years After Vote, Insurers Must Show They are Complying With Prop 103 Rules   Santa Monica, CA -- Today is the deadline for every auto insurer in the state to submit new plans to the Insurance Commissioner detailing a new rate setting system that complies with the rules of the landmark 1988 insurance reform initiative Proposition 103. Auto...
News Story
7/11/2008
Posted by Consumer Watchdog
Allstate Insurance Corp., the state's third-largest home insurer, was ordered yesterday to slash its homeowner's rates by 28.5 percent in one of the deepest rate cuts ever required by the state Department of Insurance. The rate change, totaling $255 million, will lead to an average annual reduction of $243 for 850,000 homeowners throughout...
News Release
7/10/2008
Posted by Consumer Watchdog
Consumer Advocates Applaud Commissioner Poizner's Ruling, Shift Focus To Investigation of Possible Refunds for Past Allstate Overcharges      Santa Monica, CA -- Allstate (NYSE: ALL) homeowners’ insurance customers will save $242 million a year under a Wednesday order by Insurance Commissioner Poizner that the company lower...
News Story
7/10/2008
Posted by Consumer Watchdog
The state-ordered reduction will save more than 850,000 customers about $250 each. SACRAMENTO, CA -- The rate reduction, to be announced this morning in Los Angeles by state Insurance Commissioner Steve Poizner, marks the end of a battle of more than two years between state regulators and Allstate. The company covers about 1 in 7 homes,...
News Release
7/9/2008
Posted by Consumer Watchdog
Court to Decide Whether Insurance is a “Service”   Santa Monica, CA -- Consumer Watchdog today urged the California Supreme Court to subject insurance companies to one of the state’s main consumer protection laws.   In a “friend of the court” brief, Consumer Watchdog urged the court to overturn a ruling last...
News Story
7/2/2008
Posted by Consumer Watchdog
Californians with Fireman's Fund will be paying 17.9% less California customers of Fireman's Fund Insurance Co. can expect to save an average of $505 on their annual homeowner's coverage as part of 17.9% rate reduction announced Tuesday by Insurance Commissioner Steve Poizner. "It is important for us to be competitive in the California...