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News Release
3/7/2008
CONTACT CONTACT: Doug Heller, (310) 392-0522, ext. 309
Consumer Group, Dep't of Insurance Win Victory to Protect Prop 103, Save Policyholders Billions Santa Monica, CA -- Amendments to California insurance regulations implementing voter-approved Proposition 103's requirement that insurance companies pay the costs of rate hike challenges brought by consumers were upheld by the Los Angeles Superior...
Blog Post
3/1/2008
Posted By: Doug Heller
Warren Buffett, owner of Geico Insurance  and major reinsurance companies, has begun to sound the alarms that I'm thinking will soon become an industrywide call for insurance rate hikes.    "The party is over," Buffett said in his annual letter to shareholders. "It is a certainty that insurance industry profit...
Blog Post
2/28/2008
Posted By: Mark Reback
Chuck Quackenbush, the disgraced former California insurance commissioner who resigned in 2000 after accusations of misusing public funds, has been of late, a deputy sheriff in Florida. Quack is under fire again and in the news after shooting a suspect during an arrest this week, he has been placed on administrative leave with pay pending an...
Feature
2/6/2008
Consumer Watchdog
California's Proposition 103 gives California consumers powerful protection against insurance company abuses. It applies to auto insurance, homeowners and renters insurance, business insurance and other forms of liability and property insurance. Insurance companies all too frequently violate provisions of Proposition 103. It pays to know...
Feature
1/10/2008
S.P.Carr, BestWeek
BestWire (A.M. Best) January 10, 2008 by Sean P. Carr, Senior Associate Editor, BestWeek PROPOSED CALIF. LEVY GETS GRUDGING NOD FROM INSURERS SACRAMENTO, CA -- A proposal by California Gov. Arnold Schwarzenegger to assess a 1.25% surcharge on property insurance premiums to pay for wildfire-fighting efforts was met with grudging nods by insurer...
News Release
1/10/2008
CONTACT CONTACT: Doug Heller, (310) 392-0522, ext. 309; or Carmen Balber, ext. 324
Allstate Battle Arrives As National Report Shows Insurance Industry Profits Remain At Record Levels Santa Monica, CA -- Allstate will try to convince the Department of Insurance to allow a 9.3% rate hike on its homeowners insurance customers at a hearing next week. The nonprofit Foundation for Taxpayer and Consumer Rights (FTCR) has challenged the...
Blog Post
1/10/2008
Doug Heller
When I first heard (yesterday) about Schwarzenegger's plan to tax homeowners on their insurance policies as a way to fill some of his massive budget hole, I assumed I was being told about a terrible idea that never got anywhere, "but boy Doug you'll thik it's funny they even considered this."  But no, in fact this one was salvaged...
News Release
1/9/2008
CONTACT By Doug Heller, 310-392-0522 x309
Insurance Interests Have Donated $3.8 Million To Schwarzenegger's Political Funds, Would Reap Benefit of Plan Santa Monica, CA -- Governor Schwarzenegger's proposal to add a 1.25% tax on homeowners and business property insurance policies unfairly forces California consumers to fill Sacramento's budget gap, while letting Schwarzenegger's insurance...
Blog Post
1/7/2008
Doug Heller
CW attorney Todd Foreman is in San Francisco this week trying to block a proposed earthquake insurance rate hike by GeoVera Insurance.  The company wants to raise rates by about 6 percent.  But when we crunched the numbers, that the company is required to provide under Proposition 103 rules, GeoVera should actually be lowering rates for...
News Release
12/6/2007
CONTACT CONTACT: Carmen Balber, (310) 392-0522, ext. 324
California Consumer Group Challenges Farmers' Attempt to Overcharge California Homeowners One-Quarter $Billion a Year Santa Monica, CA -- Farmers Insurance Company is seeking exemptions to state rules that could allow it to charge one million Californians almost $250 million extra per year for their Farmers homeowners insurance. Information...