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...
Consumer Watchdog's executive director Carmen Balber discusses the current state of health insurance in California, touching on the proposed mega-mergers and why they're bad for consumers, as well as Covered California's announced rate hikes and why they can't be stopped currently.
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...
Former Democratic Executive Kathy Bowler Paid $65,250 by Health Insurance Industry to Stop Initiative to Limit Excessive Rate Hikes
CONTACT Samuel Chu
Santa Monica, CA – California’s largest health insurance companies have hired a Democratic party “insider”, former executive director of the Democratic Party, Kathy Bowler, to try to stop Consumer Watchdog’s November ballot measure to limit excessive health insurance rate hikes, ahead of the March California...
By Jamie Court
An analysis just released by California’s health insurance exchange, Covered California, offers the first real insight into the depth of the Obamacare cancellation crisis. About 450,000 of the 900,000 cancelled California policyholders will see rate hikes, according to the analysis released by Covered California. That’s 50% of...
By Harvey Rosenfield
Regulation of insurance companies, introduced by Proposition 103, could repair a loophole in the Affordable Care Act. "We didn't do a good enough job in terms of how we crafted the law," an apologetic President Obama said this month, shortly after millions of Americans got notices from their health insurance companies that their...
Obama Reprieve on Health Insurance Cancellations Welcome News for Consumers, But Premiums Still Likely to Go Up, Says Consumer Watchdog
CONTACT Carmen Balber & Jamie Court
Santa Monica, CA – Consumer Watchdog today applauded President Obama’s move to delay cancellations of health insurance plans for millions of Americans, one week after the nonprofit group called for a moratorium, but expressed concern that consumers will still face steep rate hikes in January. Consumer Watchdog called on the President...
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....
Anthem Blue Cross Imposes Another Unreasonable Rate Hike, This Time On 7,000 Small Businesses in California
CONTACT Doug Heller & Carmen Balber
Santa Monica, CA –Anthem Blue Cross is again imposing an unreasonable rate increase on its small business customers, and California Insurance Commissioner Dave Jones announced today that the company will not budge on this excessive rate hike. Working with an independent actuary, the nonprofit, nonpartisan Consumer Watchdog analyzed the data...
California Can’t Stop Unreasonable 10.6 Percent Health Insurance Rate Hike Imposed By Anthem Blue Cross On Small Businesses
CONTACT Doug Heller, Jamie Court and Carmen Balber
Santa Monica, CA – Anthem Blue Cross plans to go ahead with a 10.6% average annual health insurance rate hike on small business owners, despite the fact that an examination by California Insurance Commissioner Dave Jones found the rate increase to be unreasonable and unsupportable, the Insurance Commissioner announced today. An initiative...