National Insurance Expert Warns CA Bill to Deregulate Homeowner Insurance Will Hike Rates 40% In First Year; Senate Vote Tomorrow

Los Angeles, CA -- A national insurance expert and actuary has warned California lawmakers that AB 2167, scheduled for a vote in the Senate Insurance Committee on Tuesday, would raise homeowners’ insurance rates by 40% in the first year it takes effect and make it harder for Californians to find coverage.

Legislators Scheming With Insurance Companies To Raise Rates

With Californians in COVID lockdown, industry lobbyists are working to overturn voter-approved consumer protections

August 2, 2020

State lawmakers are preparing a gift for you: a massive increase in the premiums you pay to insure your home and property.

While most Californians have been in lockdown, lobbyists for the insurance industry have been in Sacramento working hard to overturn protections California voters passed in 1988 against insurance price-gouging and discrimination.

Survivors of Medical Negligence Qualify Ballot Initiative for 2022 Election

Los Angeles, CA — Having collected 900,000 signatures and raised over $4 million, the survivors of medical negligence behind a California ballot measure to adjust California’s 45-year-old cap on quality of life and survivor damages announced today that the Secretary of State has certified the initiative for the November 2022 ballot.
 

CalGEM Regulators Divest Oil Stocks In Wake Of Consumer Watchdog Conflicts Probe

 Los Angeles, CA — Oil and gas regulators at the California Geologic Energy Management Division (CalGEM) no longer hold oil stocks or other interests in the sector that they regulate in a radical departure from past practices, Consumer Watchdog said today.

A new conflict of interest policy at the division’s parent agency, the Department of Conservation (DOC), now prohibits such investments without explicit written approval by DOC’s director.

Insurance Industry Gives CA Senators $2.35 Million To Win Right To Raise Homeowners' Rates

Sacramento, CA – Members of the California State Senate have taken $2,353,000 in campaign contributions from insurance companies and insurance industry trade associations in the last two election cycles, according to data reported to the California Secretary of State. Of that total, $1.1 million was given to the thirteen Senators who sit on the Insurance Committee that will soon vote on the insurance industry’s top priority in Sacramento this year.

CA Governor Exempts Supermarkets From Bottle Deposit Refunds For Another 60 Days In Loss For Consumers And The Environment, Says Consumer Watchdog

Los Angeles, CA — Governor Gavin Newsom gave supermarkets and other dealers of beverages carrying a five or ten cent deposit another 60-day reprieve on refunding deposits, putting greater pressure on too few redemption centers to serve millions of Californians. California now joins Iowa’s Republican Governor as the only states letting the retailers off the hook for redeeming bottles.

US Senators Call Out NHTSA For Failure To Protect Americans From Risk Of Internet Connected Cars, Demand Answers

Washington D.C.  - Senators Edward J. Markey (D-Mass.) and Richard Blumenthal (D-Conn.), members of the Commerce, Science and Transportation Committee, today sent a letter to the National Highway Traffic Safety Administration (NHTSA), calling out the agency's "dangerously reactive approach to cybersecurity" in Internet connected cars.

Sneak Insurance Industry Power Play In Sacramento Threatens To Jack Up Home Insurance Rates In Violation of Voter-Enacted Insurance Rate Regulation

Los Angeles, CA – Consumer Watchdog warned today that homeowners could pay billions more for their home insurance under a sneak insurance industry legislative attack on California’s effective rate regulation under the cover of the corona virus and police abuse crises.