Home › Homeowners' Insurance

Homeowners' Insurance

News Story
1/21/2015
Posted by Mark Reback
The Sacramento Superior Court issued a decision rejecting an insurance industry challenge on the California insurance commissioner’s regulations under Proposition 103 that limit the amount of advertising costs insurers may pass on to consumers through insurance premiums. California Insurance Commissioner Dave Jones called the ruling in...
News Release
7/23/2014
Posted by Pam Pressley
Santa Monica, CA – Consumer Watchdog has petitioned Insurance Commissioner Dave Jones to hold public hearings on the excessive rates of three top homeowners insurers – Allstate, CSAA, and Liberty Mutual. Additionally, Consumer Watchdog petitioned the Commissioner to reject CSAA’s (Northern California Auto Club) request to hike...
News Release
5/13/2014
Posted by Pam Pressley
Santa Monica, CA -- Public challenges to auto, home, medical malpractice and earthquake rate hikes proposed by insurance companies but proven excessive have resulted in more than $3 billion saved for consumers since 2002. A chart of the more than $3 billion saved in more than 80 challenges over the last twelve years by Consumer Watchdog is...
News Release
6/19/2013
Posted by Harvey Rosenfield
Santa Monica, CA – Californians spent less per year on auto insurance in 2010 than they did in 1989, a rate reduction that no other state in the nation achieved according to a new Consumer Federation of America analysis of insurance industry data. California voters approved Proposition 103 in 1988 to regulate auto insurance rates and the...
News Story
5/9/2013
Posted by Mark Reback
Huge insurer Mercury Insurance Group has lost part of its ongoing legal challenge over homeowners insurance rates. Sacramento Superior Court rejected Mercury's petition to delay implementing a rate decrease ordered by state regulators. As a result, about 270,000 Californians who insure their homes through Mercury will save more than $16.5...
News Release
5/8/2013
Posted by Doug Heller
Santa Monica, CA – Mercury Casualty Company must implement an 8% rate decrease to its homeowners insurance rates as required by California Insurance Commissioner Dave Jones, according to a ruling issued by Sacramento Superior Court Judge Eugene L. Balonon on Tuesday, denying Mercury’s request to delay the decrease from taking effect....
Blog Post
9/27/2012
Posted by Laura Antonini
If so, you may have been overcharged by your escrow company, and not even know it. Consumer Watchdog is investigating certain escrow companies who are up to no good, and we need your help. The purchase of a home is the biggest single financial transaction in the lives of most Americans. Part of that transaction is the mysterious process...
News Story
7/17/2012
Posted by Mark Reback
My July 9 column on new policy options from the California Earthquake Authority generated a fair number of questions about earthquake insurance in general. Here are some answers: Q:Kevin P. asks, "Let's say there's an earthquake. Your house isn't damaged, but a fire breaks out in the neighborhood as a result of the quake, and...
News Story
2/3/2012
Posted by Mark Reback
WASHINGTON, Feb. 3 (LID) – The recently created Federal Insurance Office (FIO) within the U.S. Department of Treasury has missed its deadline to report to Congress on how best to improve oversight of the insurance industry. Title V of the Wall Street Reform and Consumer Protection Act of 2009 (Pub.L. 111-203), which created the FIO,...
News Release
1/18/2012
Posted by Consumer Watchdog
Santa Monica, CA -- Mercury Insurance seeks to raise California insurance rates by 8.8% for approximately 300,000 homeowners and renters with Mercury policies. If approved, the increase would generate an additional $19 million per year for Mercury.  The insurer is seeking the increase even though it paid less than 50¢ in claims for...