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California Department of Insurance

News Story
12/9/2016
Posted by Mark Reback
A request by State Farm to block an order requiring it to issue more than $100 million in premium refunds will be considered next week in San Diego County Superior Court. California Insurance Commissioner Dave Jones, citing authority of the state's landmark Proposition 103, ordered the Bloomington, Ill., insurer in November to issue the...
News Release
12/8/2016
Posted by Harvey Rosenfield
Santa Monica, CA – State Farm, the nation’s largest insurance company, has filed two lawsuits seeking to overturn an order by the Insurance Commissioner that the company cut its home condo and renters insurance rates by 7% – which would save customers $156 million per year as compared to the rates requested by State Farm –...
News Story
12/7/2016
Posted by Mark Reback
Last month, California Insurance Commissioner Dave Jones ordered more than $100 million in refunds for nearly 2 million State Farm policy owners, alleging the company charged excessive rates for its homeowners and renters insurance. It apparently was the first such refund approved since California’s landmark Proposition 103 rolled back...
News Story
11/9/2016
Posted by Mark Reback
Insurer also ordered to issue refunds California Insurance Commissioner Dave Jones issued an order Monday requiring State Farm General Insurance Co. to reduce its dwelling insurance rates by an average of 7 percent, resulting in an estimated $78.6 million in annual savings for California policyholders, according to an announcement by the...
News Release
10/19/2016
Posted by Carmen Balber
Santa Monica, CA – Answering Consumer Watchdog’s call on State Farm to drastically reduce its dwelling insurance rates, California’s largest homeowners insurance company has agreed to slash these rates by 40%. State Farm’s dwelling insurance protects policyholders who need to insure a home other than the one they occupy....
News Release
8/24/2016
Posted by Carmen Balber
Santa Monica, CA – Following Consumer Watchdog's petition for a hearing on Commerce West's application to increase its auto insurance policyholders' rates by 12% overall, the company has withdrawn its requested rate hike, saving California drivers over $8.2 million. Consumer Watchdog's petition alleged, among other things,...
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...
Blog Post
7/7/2016
Posted by Carmen Balber
Consumer Watchdog joined the nation’s leading consumer groups to submit a white paper to the Department of Justice today demonstrating why any potential remedies in the proposed Anthem-Cigna and Aetna-Humana mergers will not work to protect consumers from harm in a more concentrated health insurance market. Consumer Watchdog called on the...
News Release
6/23/2016
Posted by Carmen Balber
Santa Monica, CA – The U.S. Department of Justice should heed today's recommendation by California Insurance Commissioner Dave Jones and reject the proposed $37 billion merger of health insurance giants Aetna and Humana, said Consumer Watchdog. Consumer Watchdog said approving the merger would mean higher costs, reduced benefits and...
News Release
6/16/2016
Posted by Carmen Balber
Santa Monica, CA – The U.S. Department of Justice should adopt today's recommendation by California Insurance Commissioner Dave Jones and reject the proposed $50 billion merger of health insurance giants Anthem and Cigna, said Consumer Watchdog. Consumer Watchdog urged Commissioner Jones to reject the merger in testimony at a March...