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Lowering Insurance Rates

News Release
4/20/2016
Posted by Consumer Watchdog
Santa Monica, CA -- Three rate proposals from State Farm – California’s largest commercial multi-peril insurer – to increase commercial multi-peril insurance rates by up to 9.0% on average, or $6.6 million combined, will lead to overcharges, Consumer Watchdog said in a legal challenge filed with the Department of Insurance today...
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...
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
3/23/2016
Posted by Mark Reback
Insurance companies have the same problem everyone else does -- poor return on their investments. With their investment portfolios lagging, insurers are jacking up premiums, a tactic that is not going down well with consumers. In the latest skirmish, a federal lawsuit filed in Los Angeles says that consumers who bought life insurance from...
News Story
3/23/2016
Posted by Mark Reback
Transamerica along with other insurers have upped costs on in-force policies as they've had to contend with persistently low interest rates Transamerica Life Insurance Co. has been sued for raising the cost of insurance on some universal life insurance contracts, an action plaintiffs allege constitutes a breach of obligations under the...
News Release
3/22/2016
Posted by Harvey Rosenfield
Santa Monica, CA -- Consumers who bought life insurance protection from Transamerica Insurance Company decades ago are now facing a choice between paying enormous increases in their monthly premiums or losing their policies, according to a lawsuit filed in federal court in Los Angeles by consumer advocates on behalf of Transamerica policyholders...
Courtroom Case
3/21/2016
Posted by Harvey Rosenfield
Feller et al v. Transamerica Life Insurance Company, United States District Court, Central District of California (Case 2:16-cv-01378) Consumers who bought life insurance protection from Transamerica Insurance Company decades ago are now facing a choice between paying enormous increases in their monthly premiums or losing their policies...
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 Story
4/6/2015
Posted by Mark Reback
In the California insurance world, activist Harvey Rosenfield and Insurance Commissioner Dave Jones have been longtime collaborators. Until recently. Rosenfield, a feisty consumer advocate from Santa Monica, wrote Proposition 103, a landmark 1988 ballot measure that turned the insurance commissioner into an elected...
News Story
3/12/2015
Posted by Mark Reback
Stockton is among California’s most expensive cities for auto insurance. Motorists living in other San Joaquin County cities will pay on average at least 10 percent less than the average rate in Stockton, according to a recent study by ValuePenguin.com, a financial services comparison site. Collecting auto insurance quotes in January from 24...