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vs. Insurers

News Release
6/26/2008
Posted by Consumer Watchdog
Homeowners Will Save An Average $512 A Year   Santa Monica, CA -- California homeowners with Fireman’s Fund insurance coverage will save a total of $35.1 million per year under an order issued last week by Insurance Commissioner Poizner that requires Fireman’s Fund to lower its premiums by 17.9%. The savings come as a result of...
News Release
6/19/2008
Posted by Consumer Watchdog
2 Million California Consumers Will Share in Savings Santa Monica, CA -- Yesterday, Allstate (NYSE: ALL) dismissed its appeal of the $250 million in auto insurance rate reductions for California consumers ordered by Insurance Commissioner Steve Poizner in March. The reductions were the result of extensive hearings under Proposition 103 at the...
Blog Post
5/9/2008
Posted by Consumer Watchdog
When the federal government passes a law but has no cops to enforce it, the crooks hold a "get out of jail free" card. That's the unfortunate effect of a sweeping and successful effort by drug and insurance companies to have federal law "preempt" state enforcement. A spate of stories today (LA Times, Wall Street Journal, New...
Blog Post
5/8/2008
Posted by Consumer Watchdog
Our legal team was in San Francisco this week fighting another unjustified insurance rate hike - this time a 6% earthquake insurance rate increase requested by GeoVera. Most of the company's rate increase request is based on the cost of reinsurance (insurance for the insurance company) that it wants to pass on to its customers. Prop 103’s...
News Release
4/30/2008
Posted by Consumer Watchdog
Industry-Drafted Proposals Will Lead to Higher Insurance Rates   Insurance Commissioner Steve Poizner has quietly adopted insurance industry proposals to weaken the rate regulations that led to last week’s $250 million reduction in Allstate’s rates and over $61.8 billion in savings since the passage of the 1988 insurance reform...
News Story
4/25/2008
Posted by Consumer Watchdog
SACRAMENTO, CA -- A California Superior Court judge denied an Allstate petition to halt a state order to slice its automobile insurance rates by 15.9%, or approximately $124 per vehicle per year. Judge Peter Busch ordered the company to comply with the March order from Insurance Commissioner Steve Poizner, which takes effect April 28. Allstate...
Blog Post
4/25/2008
Posted by Consumer Watchdog
I'm going to happy hour tonight, and the whole office is coming with me. It's a rare occurrence that anyone around here leaves the office before 5pm, let alone all of us at the same time. But we've got reason to celebrate. This year is the 20th anniversary of when voters approved insurance-reform initiative Proposition 103, written by Consumer...
News Story
4/25/2008
Posted by Consumer Watchdog
On the same day a new study dubbed California the nation's leader in holding the line on auto insurance rates, a judge in San Francisco denied Allstate's bid to delay cutting its rates an average of 15.9 percent as the insurer appeals state action ordering the reduction. Allstate said Thursday that it will continue to appeal the auto insurance...
News Release
4/24/2008
Posted by Consumer Watchdog
A San Francisco judge refused auto insurance giant Allstate’s request to block a $250 million auto insurance rate decrease set to go into effect next Monday.   Last month, California Insurance Commissioner Steve Poizner ordered Allstate to reduce its auto insurance rates by 15.9%.  Allstate went to court to stop the decrease from...
News Story
4/24/2008
Posted by Consumer Watchdog
A San Francisco Superior Court judge on Thursday ordered Allstate Insurance to comply with a regulatory order to lower annual auto insurance rates by an average of $133 per vehicle. The ruling means that Allstate must comply with the order issued in March by the state Department of Insurance to lower rates an average of 15.9 percent. That works...