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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
11/8/2016
Posted by Carmen Balber
Santa Monica, CA – The landmark insurance reform passed by California voters on Election Day twenty-eight years ago is paying off again today. Over 1.7 million State Farm homeowners, condo owners and renters will collectively receive more than $100 million in refunds and save $156 million per year in premiums under an order issued late...
News Story
11/8/2016
Posted by Mark Reback
If you’re a State Farm Insurance customer, you could be in for a rate reduction from the company. The company has been ordered to reduce its homeowner and rental insurance rates by an average of 7 percent, state Insurance Commissioner Dave Jones announced Monday. The 7 percent decrease will amount to $78.6 million. The homeowner insurance...
News Story
10/21/2016
Posted by Mark Reback
California Insurance Commissioner Dave Jones announced on Oct. 19 that State Farm General Insurance Co. has agreed to reduce its Rental Dwelling Program policyholders’ rates statewide by an average of 40 percent, effective Feb. 1, 2017. According to Jones, rental property owners and small-business clients will see an estimated $101.1 million...
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 Story
8/24/2016
Posted by Mark Reback
State Farm has agreed to reduce the average overall rates it charges California’s wholesale, retail, and service businesses by 4.0% after it was challenged by Consumer Watchdog for proposing rate increases on businesses' liability and property insurance. The insurer also agreed not to raise the rates paid by professional offices....
News Release
8/23/2016
Posted by Carmen Balber
Santa Monica, CA – In response to Consumer Watchdog’s challenge to State Farm’s proposed rate increases on businesses’ liability and property insurance, State Farm has agreed to cut the average overall rates it charges wholesale, retail, and service businesses by 4.0% and agreed to not raise the rates paid by professional...
News Story
8/23/2016
Posted by Mark Reback
California Insurance Commissioner Dave Jones has approved rate reductions for a number of State Farm commercial policies that he says will bring millions of dollars in premium savings for tens of thousands of small businesses, farm owners, apartment owners, and condo associations across the state. "These State Farm commercial rate reductions...
News Release
8/10/2016
Posted by Harvey Rosenfield
Santa Monica, CA – Yesterday, the California Department of Insurance made public a proposed decision by an Administrative Law Judge, issued after an extensive hearing requested by Consumer Watchdog, ordering State Farm to decrease its homeowners insurance rates by 7.0%, and to refund policyholders $85 million for overcharges collected since...