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Lowering Insurance Rates

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...
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
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 Story
3/29/2014
Posted by Mark Reback
Getting a single traffic ticket on your license could raise your auto insurance premiums, in some cases substantially, according to a study released last week by InsuranceQuotes. This is especially true in California, where your driving-safety record by law must be the most important factor in determining your rate. Even though...
News Story
2/19/2014
Posted by Mark Reback
WASHINGTON -- Advocates and opponents of California's Proposition 103 are debating whether it has helped consumers 25 years after its passage. Some say the debate is being used to sway voters who will determine whether measures similar to Proposition 103 should be applied to health insurance in the state this fall. Passed in 1988, the...
News Story
10/21/2013
Posted by Mark Reback
Health plans are sending hundreds of thousands of cancellation letters to people who buy their own coverage, frustrating some consumers who want to keep what they have and forcing others to buy more costly policies. The main reason insurers offer is that the policies fall short of what the Affordable Care Act requires starting Jan. 1. Most are...
News Release
7/24/2013
Posted by Mark Reback
Washington DC -- Health insurance giant WellPoint today announced a 24% profit increase in the 2nd quarter of 2013, as compared to last year, and the company's stock hit an all-time high of $90 per share on Wednesday. WellPoint reported it earned $800.1 million, or $2.64 per share, in the three months that ended June 30th, which is up about 24...
News Story
6/18/2013
Posted by Mark Reback
The health insurer wins a benefits panel's support. If finalized, about 27,000 L.A. workers and their families with Anthem coverage would face a change. Blue Shield of California, already facing a Los Angeles ethics complaint over potential conflicts of interest, is poised to take a lucrative health insurance contract for city workers away...
News Story
5/23/2013
Posted by Mark Reback
The average policyholder will see a $65 reduction in his or her annual bill. It's the Auto Club of Southern California's fourth rate decrease in the last nine years. About 1 million customers of the Automobile Club of Southern California will get an average $65 reduction in their annual car insurance bills, the auto club and the state...
News Release
5/22/2013
Posted by Doug Heller
Santa Monica, CA – California drivers insured by Auto Club of Southern California will receive an average rate decrease of 4.1% after the company agreed to lower premiums following discussions with the California Department of Insurance and Consumer Watchdog.  The nonprofit Consumer Watchdog challenged a 2012 Auto Club filing with the...