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Homeowners' Insurance

News Story
8/24/2016
Posted by Mark Reback
State Farm has agreed to reduce the average overall rates it charges California’s wholesale, retail, and service businesses by 4.0% after it was challenged by Consumer Watchdog for proposing rate increases on businesses' liability and property insurance. The insurer also agreed not to raise the rates paid by professional offices....
News Release
8/23/2016
Posted by Carmen Balber
Santa Monica, CA – In response to Consumer Watchdog’s challenge to State Farm’s proposed rate increases on businesses’ liability and property insurance, State Farm has agreed to cut the average overall rates it charges wholesale, retail, and service businesses by 4.0% and agreed to not raise the rates paid by professional...
News Story
8/23/2016
Posted by Mark Reback
California Insurance Commissioner Dave Jones has approved rate reductions for a number of State Farm commercial policies that he says will bring millions of dollars in premium savings for tens of thousands of small businesses, farm owners, apartment owners, and condo associations across the state. "These State Farm commercial rate reductions...
News Release
8/10/2016
Posted by Harvey Rosenfield
Santa Monica, CA – Yesterday, the California Department of Insurance made public a proposed decision by an Administrative Law Judge, issued after an extensive hearing requested by Consumer Watchdog, ordering State Farm to decrease its homeowners insurance rates by 7.0%, and to refund policyholders $85 million for overcharges collected since...
News Release
8/9/2016
Posted by Harvey Rosenfield
Santa Monica, CA -- In a major victory for 1.7 million State Farm policyholders, an administrative law judge at the California Department of Insurance has: •    Determined that since at least July 15, 2015, State Farm’s premiums for homeowners insurance have been excessive, ordering the Company to refund policyholders at...
News Story
8/9/2016
Posted by Mark Reback
A judge has recommended that State Farm refund tens of millions of dollars to its California customers and lower its rates after finding that the insurance giant charged excessive premiums over the last year for rental and home insurance policies. But customers shouldn’t expect a refund just yet. The recommendations...
News Story
8/3/2016
Posted by Mark Reback
Consumer Watchdog filed a petition in California challenging State Farm’s proposed rates for its homeowners insurance and wants the insurers to cut its rates by as much as 40 percent. The Santa Monica, Calif.-based consumer group said insurer will be overcharging more than 280,000 homeowners policyholders in the state unless it cuts its rate...
News Release
8/2/2016
Posted by Carmen Balber
Santa Monica, CA – Consumer Watchdog filed a petition challenging State Farm’s proposed rates for its dwelling insurance, charging that California’s largest homeowners insurer will be overcharging over 280,000 policyholders unless it cuts its rate by as much as 40%, or nearly $100 million. Consumer Watchdog’s analysis found...
News Release
7/26/2016
Posted by Carmen Balber
Santa Monica, CA -- Challenging a proposal from the Farmers Insurance group of companies to hike its homeowners insurance rates by nearly 7.0% overall, or $78 million, Consumer Watchdog filed a petition today alleging that Farmers should instead decrease its overall rates and urging the Department of Insurance to hold a hearing. The proposed rate...
News Story
4/19/2016
Posted by Mark Reback
Across the country, the largest and best-known personal lines insurance carriers are doing battle with regulators to gain approval for large premium jumps in auto and home insurance. Most recently, consumer groups in California have urged the Department of Insurance to reduce its rates by at least 9.26%. According to Consumer Watchdog, the...