Los Angeles, CA - Insurance companies have overcharged Californians by billions of dollars since the COVID-19 lockdowns began in March 2020, sixteen months ago. Today, in a letter to California Insurance Commissioner Ricardo Lara, Consumer Watchdog proposed a plan to get that money back to consumers, and to require that insurance companies lower their rates to reflect the projected ongoing impact of the pandemic.

Los Angeles, CA -- While the vast majority of Californians drove far less last year, most California insurance companies continued to charge pre-pandemic auto insurance rates, reaping a windfall of about $5.5 billion, according to an analysis by Consumer Watchdog. Newly published 2020 data show that accident claims plummeted as cars idled in driveways, but insurance companies failed to reduce rates accordingly.

When disaster hits, insurance companies are supposed to have your back… but their number one priority is almost always their own financial well-being.

Los Angeles, CA -- As the 2019 wildfire season begins, many homeowners in at-risk areas have once again seen their insurance rates go up, or their insurance policies dropped altogether

UPDATE: 9/20 Consumer Watchdog sent this letter to the California Attorney General and District Attorneys for Sacramento, San Francisco and Los Angeles along with the information below.

Los Angeles, CA — On Earth Day, California Insurance Commissioner Ricardo Lara chose “collaboration" with the insurance industry over urgent climate action. Commissioner Lara rejected a petition from 60 environmental, consumer and social justice groups that sought emergency rules to make insurers disclose the fossil fuel projects they insure. The Commissioner's refusal to act allows insurers to keep their complicity in global warming secret and puts the brakes on the forward momentum on climate built by the previous Department of Insurance, said Consumer Watchdog.

Sacramento, CA — The members of the Assembly Insurance Committee voted unanimously today to pass AB 981 and exempt the entire insurance and financial services industries from California’s new Privacy Act.

A troupe of mimes dressed as insurance company mascots tracked lawmakers and lobbyists outside the hearing room to dramatize how the bill, sponsored by Committee Chair Tom Daly, would allow insurers to violate their policyholders' privacy.

Los Angeles, CA — Today Consumer Watchdog called on Assembly Insurance Committee Chair Tom Daly to withdraw legislation (AB 981) that would exempt insurance companies and banks from complying with the California Consumer Privacy Act.

The Privacy Act will take effect in January and empowers consumers to prevent their personal information from being sold to other companies, as well as allowing  consumers to sue reckless companies for data breaches.

Los Angeles, CA — As a UN panel finds the world is losing the war with global warming and urgent action is needed, US insurance companies have reported holding more than $50.9 billion in fossil fuel investments that exacerbate climate change, according to reporting to national insurance regulators.

Consumer Watchdog’s review of public filings reveals nine of the 10 largest American insurance companies have considered the impact of climate change on their investments, but only two, AIG and Farmers, say that they have altered their investment strategy in response.