CONTACT Carmen Balber, Harvey Rosenfield & Todd Foreman
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...
Consumer Watchdog Posts Judge’s State Farm Proposed Refund Order; Commissioner Must Approve Or Reject
CONTACT Harvey Rosenfield & Carmen Balber
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...
Judge Finds that State Farm Overcharged Consumers $85 Million, Proposes Refunds and $156 Million Rate Reduction; Final Decision From Insurance Commissioner Pending
CONTACT Harvey Rosenfield & Jonathan Phenix
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...
Consumer Watchdog Files Suit To Require State Farm to Reduce Rates By Up To $100 Million To Prevent Homeowners Insurance Overcharges
CONTACT Carmen Balber & Jonathan Phenix
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...
Allstate cuts its homeowners' insurance rates after Consumer Watchdog shows they've been overcharging customers for years.
After Consumer Watchdog Shows Allstate Has Been Overcharging California Homeowners Policyholders For Years, Allstate Will Immediately Cut Overall Rates By 12.6%
CONTACT Carmen Balber, Pam Pressley & Harvey Rosenfield
Santa Monica, CA -- Responding to multiple challenges to its excessive homeowners insurance rates brought by Consumer Watchdog over the last two years, Allstate has agreed to reduce its homeowners rates by 12.6% overall, effective February 1, 2016. Policyholders will save nearly $72.5 million as a result, with the average annual savings estimated...
Trial Begins Today in Consumer Groups’ Challenge to State Farm Request for Higher Homeowners Insurance Rates
CONTACT Carmen Balber & Daniel Zohar
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...
Consumer Watchdog Challenges $210 Million Excessive State Farm Rate Hike on 1.7 Million California Renters and Homeowners
CONTACT Carmen Balber & Pamela Pressley
Santa Monica, CA -- Consumer Watchdog has challenged a rate increase proposed by State Farm, the state’s largest homeowners insurance company, that would overcharge consumers by approximately $210 million a year were it to take effect. State Farm has made $1.5 billion in profits from its California homeowners line over the last 5 years...
Allstate, CSAA and Liberty Mutual Overcharging Homeowners Insurance Customers; Consumer Watchdog Calls For Rate Reductions
CONTACT Pamela Pressley
Santa Monica, CA – Consumer Watchdog has petitioned Insurance Commissioner Dave Jones to hold public hearings on the excessive rates of three top homeowners insurers – Allstate, CSAA, and Liberty Mutual. Additionally, Consumer Watchdog petitioned the Commissioner to reject CSAA’s (Northern California Auto Club) request to hike...
Court Refuses Mercury’s Request To Delay Homeowners Insurance Rate Decrease Required By Insurance Commissioner
CONTACT Douglas Heller & Carmen Balber
Santa Monica, CA – Mercury Casualty Company must implement an 8% rate decrease to its homeowners insurance rates as required by California Insurance Commissioner Dave Jones, according to a ruling issued by Sacramento Superior Court Judge Eugene L. Balonon on Tuesday, denying Mercury’s request to delay the decrease from taking effect....