Farmers Proposes $78 Million in Rate Hikes for 1.2 Million Renters and Homeowners; Consumer Watchdog Challenges the Excessive Increase and Pushes for Rate Decreases
CONTACT Carmen Balber
Santa Monica, CA -- Challenging a proposal from the Farmers Insurance group of companies to hike its homeowners insurance rates by nearly 7.0% overall, or $78 million, Consumer Watchdog filed a petition today alleging that Farmers should instead decrease its overall rates and urging the Department of Insurance to hold a hearing. The proposed rate...
By Jamie Court
California is the only state in America where drivers spent less per year on auto insurance in 2010 than they did in 1989. That startling fact comes from the insurance industry’s own data just analyzed by the Consumer Federation of America. The group’s report credited California’s insurance reform Proposition 103 -- the toughest...