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Blog Post
7/17/2008
Posted by Carmen Balber
Last week, Allstate was ordered by the Insurance Commissioner to reduce its homeowners insurance rates by approximately $242 million - an average $250 savings for each Allstate policyholder. The reduction followed on the heels of another quarter-billion rate reduction, that time for Allstate's auto customers, back in March. Consumer Watchdog...
News Release
7/14/2008
CONTACT CONTACT: Doug Heller (310) 392-0522, ext. 309; or Carmen Balber, ext. 324
20 Years After Vote, Insurers Must Show They are Complying With Prop 103 Rules   Santa Monica, CA -- Today is the deadline for every auto insurer in the state to submit new plans to the Insurance Commissioner detailing a new rate setting system that complies with the rules of the landmark 1988 insurance reform initiative Proposition 103. Auto...
News Release
7/10/2008
CONTACT CONTACT: Doug Heller, (310) 392-0522, ext. 309; or Carmen Balber, ext. 324
Consumer Advocates Applaud Commissioner Poizner's Ruling, Shift Focus To Investigation of Possible Refunds for Past Allstate Overcharges      Santa Monica, CA -- Allstate (NYSE: ALL) homeowners’ insurance customers will save $242 million a year under a Wednesday order by Insurance Commissioner Poizner that the company lower...
News Release
7/9/2008
CONTACT CONTACT: Harvey Rosenfield, (310) 392-0522, ext. 303
Court to Decide Whether Insurance is a “Service”   Santa Monica, CA -- Consumer Watchdog today urged the California Supreme Court to subject insurance companies to one of the state’s main consumer protection laws.   In a “friend of the court” brief, Consumer Watchdog urged the court to overturn a ruling last...
News Release
6/26/2008
CONTACT CONTACT: Carmen Balber, (310) 392-0522 ext. 324; or Pamela Pressley, ext. 307
Homeowners Will Save An Average $512 A Year   Santa Monica, CA -- California homeowners with Fireman’s Fund insurance coverage will save a total of $35.1 million per year under an order issued last week by Insurance Commissioner Poizner that requires Fireman’s Fund to lower its premiums by 17.9%. The savings come as a result of...
News Release
6/19/2008
CONTACT CONTACT: Doug Heller, 310-392-0522, x309; or Carmen Balber, x324
2 Million California Consumers Will Share in Savings Santa Monica, CA -- Yesterday, Allstate (NYSE: ALL) dismissed its appeal of the $250 million in auto insurance rate reductions for California consumers ordered by Insurance Commissioner Steve Poizner in March. The reductions were the result of extensive hearings under Proposition 103 at the...
Blog Post
5/9/2008
Posted by Judy Dugan
When the federal government passes a law but has no cops to enforce it, the crooks hold a "get out of jail free" card. That's the unfortunate effect of a sweeping and successful effort by drug and insurance companies to have federal law "preempt" state enforcement. A spate of stories today (LA Times, Wall Street Journal, New...
Blog Post
5/8/2008
Posted by Carmen Balber
Our legal team was in San Francisco this week fighting another unjustified insurance rate hike - this time a 6% earthquake insurance rate increase requested by GeoVera. Most of the company's rate increase request is based on the cost of reinsurance (insurance for the insurance company) that it wants to pass on to its customers. Prop 103’s...
News Release
4/30/2008
CONTACT CONTACT: Doug Heller, 310-392-0522, ext. 309; or Harvey Rosenfield, ext. 303
Industry-Drafted Proposals Will Lead to Higher Insurance Rates   Insurance Commissioner Steve Poizner has quietly adopted insurance industry proposals to weaken the rate regulations that led to last week’s $250 million reduction in Allstate’s rates and over $61.8 billion in savings since the passage of the 1988 insurance reform...
Blog Post
4/25/2008
Posted by Carmen Balber
I'm going to happy hour tonight, and the whole office is coming with me. It's a rare occurrence that anyone around here leaves the office before 5pm, let alone all of us at the same time. But we've got reason to celebrate. This year is the 20th anniversary of when voters approved insurance-reform initiative Proposition 103, written by Consumer...