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News Release
8/9/2016
Posted by Harvey Rosenfield
Santa Monica, CA -- In a major victory for 1.7 million State Farm policyholders, an administrative law judge at the California Department of Insurance has: •    Determined that since at least July 15, 2015, State Farm’s premiums for homeowners insurance have been excessive, ordering the Company to refund policyholders at...
News Story
8/9/2016
Posted by Mark Reback
A judge has recommended that State Farm refund tens of millions of dollars to its California customers and lower its rates after finding that the insurance giant charged excessive premiums over the last year for rental and home insurance policies. But customers shouldn’t expect a refund just yet. The recommendations...
News Story
8/3/2016
Posted by Mark Reback
Consumer Watchdog filed a petition in California challenging State Farm’s proposed rates for its homeowners insurance and wants the insurers to cut its rates by as much as 40 percent. The Santa Monica, Calif.-based consumer group said insurer will be overcharging more than 280,000 homeowners policyholders in the state unless it cuts its rate...
News Release
8/2/2016
Posted by Carmen Balber
Santa Monica, CA – Consumer Watchdog filed a petition challenging State Farm’s proposed rates for its dwelling insurance, charging that California’s largest homeowners insurer will be overcharging over 280,000 policyholders unless it cuts its rate by as much as 40%, or nearly $100 million. Consumer Watchdog’s analysis found...
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 Release
11/16/2015
Posted by Carmen Balber
San Francisco, CA – State Farm’s request for a 6.9% increase in its homeowners insurance premiums goes to trial this morning in San Francisco. Consumer Watchdog, one of two organizations bringing the legal challenge before the California Department of Insurance, says the company’s rates are already too high, and should be reduced...
News Release
10/28/2015
Posted by Carmen Balber
Santa Monica, CA – California is the only state in the nation where auto insurance premiums, in real dollars, are lower today than they were 27 years ago when the voters approved insurance reform Proposition 103. The law has saved drivers $100 billion on their insurance since 1988, according to a study by the Consumer Federation of America....
News Story
10/22/2015
Posted by Mark Reback
State Farm's proposed 6.9% homeowners' insurance rate increase for 1.7 million California homeowners faces a challenge from Consumer Watchdog, which claims the rate would overcharge consumers $210 million annually if it takes effect. But State Farm defended the hike, saying exposure to catastrophic losses in California is possibly "...