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Blog Post
6/10/2008
Doug Heller
Mercury Insurance is holding a press conference Wednesday with California Insurance Commissioner Steve Poizner to announce  rate decreases for drivers, homeowners and renters.  As the LA Times reports The auto rate reductions were based partially on new state criteria [implementing Proposition 103] that downplay the importance of the...
News Release
5/13/2008
CONTACT CONTACT: Doug Heller ,(310) 392-0522 ext. 309; or Harvey Rosenfield, ext. 304
Consumer Advocates Call On Office of Administrative Law To Resist Politics, Protect Public   Santa Monica, CA – The Schwarzenegger administration should reject the "emergency" changes to the Proposition 103 Rate Regulations filed by Insurance Commissioner Steve Poizner last week after virtually no public scrutiny, consumer...
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...
Blog Post
5/5/2008
Posted By Carmen Balber
Insurance Commissioner Poizner has issued supposedly "emergency" regulations that would change new rules protecting consumers from excessive rates under Proposition 103. Consumer Watchdog founder and Prop 103 author Harvey Rosenfield condemned the changes in a letter to Poizner last week:  Your proposals are an outrageous giveaway...
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...
News Release
4/24/2008
CONTACT CONTACT: Doug Heller, (310) 392-0522 ext. 309; or Carmen Balber, ext. 324
A San Francisco judge refused auto insurance giant Allstate’s request to block a $250 million auto insurance rate decrease set to go into effect next Monday.   Last month, California Insurance Commissioner Steve Poizner ordered Allstate to reduce its auto insurance rates by 15.9%.  Allstate went to court to stop the decrease from...
News Release
4/24/2008
CONTACT CONTACT: Doug Heller, (310) 392-0522, ext. 309; or Carmen Balber, ext. 324
Santa Monica, CA -- California has the best automobile insurance regulation in the nation, with the slowest-growing premiums and one of the most competitive markets in the country, according to a state-by-state study the Consumer Federation of America released in Washington DC today. In 1988, California voters approved Proposition 103, which...
Blog Post
4/7/2008
Posted by Carmen Balber
Allstate made a surprise decision to release internal documents about claims handling procedures that they've been fighting to keep secret in court for over a decade. The documents outline a strategy that made the company more money (around $5 billion in 2006 alone) by paying their customers less than they deserved. Here's a link to the documents...
Blog Post
4/1/2008
Posted by Carmen Balber
Treasury Secretary Henry Paulson’s proposal for a newly created federal insurance regulator, and the “option” of a federal insurance charter for insurance companies, is a back door route to deregulation of the insurance industry.   Strong oversight by state insurance regulators protects consumers at the same time as it keeps...
Blog Post
3/10/2008
posted by Doug Heller
I was asked what I thought about insurance companies using credit scores to determine how to price, and sometimes whether to sell, insurance to different customers.  Insurance credit scoring is prohibited in California, but is used quite liberally throughout the country with a few exceptions. My first response to that question is usually...