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Homeowners' Insurance

News Release
4/14/2016
Posted by Carmen Balber
Santa Monica, CA -- State Farm, California’s largest homeowner insurance company, has overcharged its customers approximately $78 million –$285,000 per day – since at least July 2015, and should be required to refund that money, Consumer Watchdog said this week in a detailed brief before the Department of Insurance.  Going...
News Story
2/23/2016
Posted by Mark Reback
Following challenges Consumer Watchdog filed under a California's voter-approved insurance reform law, Allstate customers with homeowners' insurance policies will get an overall 12.6 percent rate reduction, effective this month, the Santa Monica-based nonprofit announced. As a result of the group's challenges to the insurer's...
News Release
2/17/2016
Posted by Carmen Balber
Santa Monica, CA -- Responding to multiple challenges to its excessive homeowners insurance rates brought by Consumer Watchdog over the last two years, Allstate has agreed to reduce its homeowners rates by 12.6% overall, effective February 1, 2016. Policyholders will save nearly $72.5 million as a result, with the average annual savings estimated...
Video
2/17/2016
Posted by Mark Reback
Allstate cuts its homeowners' insurance rates after Consumer Watchdog shows they've been overcharging customers for years.
News Story
1/13/2016
Posted by Mark Reback
Click here to listen to the audio of this radio broadcast segment. In Washington on Wednesday, lawmakers are scheduled to hear about flood insurance, which seems like a good idea. Flooding along the Mississippi River in the past few weeks will be one of the costliest winter floods in history. That price tag has some lawmakers wondering if the...
News Story
1/7/2016
Posted by Mark Reback
The California Earthquake Authority is offering new insurance policy options this year, including deductibles ranging from 5 to 25 percent, higher coverage limits for personal property and additional living expenses, and a bigger discount for homeowners who submit verified proof of retrofitting. Starting Jan. 20, it will also expand a residential...
News Story
10/23/2015
Posted by Mark Reback
With the strongest El Niño conditions in nearly 20 years already underway in the Pacific Ocean and chances increasing for heavy storms this winter, federal emergency officials on Friday urged Californians to buy flood insurance -- even those who don't live near creeks or rivers. "We encourage everyone to take the threat seriously,...
News Story
10/22/2015
Posted by Mark Reback
State Farm's proposed 6.9% homeowners' insurance rate increase for 1.7 million California homeowners faces a challenge from Consumer Watchdog, which claims the rate would overcharge consumers $210 million annually if it takes effect. But State Farm defended the hike, saying exposure to catastrophic losses in California is possibly "...
News Release
10/20/2015
Posted by Carmen Balber
Santa Monica, CA -- Consumer Watchdog has challenged a rate increase proposed by State Farm, the state’s largest homeowners insurance company, that would overcharge consumers by approximately $210 million a year were it to take effect.  State Farm has made $1.5 billion in profits from its California homeowners line over the last 5 years...
News Release
1/21/2015
Posted by Harvey Rosenfield
Sacramento, CA – The Sacramento Superior Court has rejected an attack by Mercury and other insurance companies on state regulations that prevent insurance companies from making their policyholders pay for non-insurance expenses like political lobbying and sporting event sponsorships. The regulation is part of the landmark Prop 103 insurance...