Los Angeles, CA -- Calendar entries, documents, and newly uncovered photographs reveal that Insurance Commissioner Ricardo Lara, not his fundraiser, made first contact with an agent of a workers compensation insurance company offering political support in conjunction with seeking approval for a change of control in the company.
Los Angeles, CA -- Farmers Insurance systematically overcharged its most loyal, longtime California customers from 2008 to 2018, according to evidence uncovered as part of an investigation ordered by the California Insurance Commissioner. Now, with a public hearing scheduled for June and facing millions of dollars in civil damages and penalties, Farmers and its affiliate, Mid-Century Insurance, are urging a Los Angeles Superior Court to stop the agency’s investigation.
Los Angeles, CA -- A state Court of Appeal in Orange County has upheld $27 million in civil penalties imposed by former Insurance Commissioner Dave Jones against Mercury Insurance Company for falsely claiming premium overcharges its agents tacked on top of its approved rates were “broker fees.”
Los Angeles, CA – Community organizations representing consumers, low-income workers and communities of color petitioned Insurance Commissioner Ricardo Lara today to ban the use of occupation and education to set auto insurance premiums. Many California auto insurance companies charge lower-income and less-educated drivers up to 15% more in order to give discounts to doctors, lawyers, other well-paying professions, and drivers with college degrees. The surcharge is illegal under California’s insurance reform law, Proposition 103.
The nonprofit Consumer Federation of America released a study this week finding that California’s tough “prior approval” regulation of auto insurance rates under Proposition 103 is a model for the nation. Nearly 30 years of insurance industry data show that California has maintained the slowest pace of premium growth of any state and built the second most competitive auto insurance market in the nation.
A California court has rejected a request by State Farm, the nation’s largest insurance company, to conceal the financial arrangements between its $168 billion parent company, based in Bloomington, Indiana, and its California subsidiary, which sells homeowners insurance and claims it’s in financial trouble.
Given the divide in America, it’s truly been remarkable how much we have accomplished together in 2018. Below's just some of what we accomplished in 2018, and you can also watch this short highlights video about our victories.
The nation’s toughest online privacy law: A new California law requires that companies tell you what information they collect about you, give you the right to say no, and are legally accountable for data breaches.
Los Angeles, CA– Today the Consumer Federation of America reports that Proposition 103, the insurance reform law passed by California voters on November 8, 1988, has saved drivers $154 billion on their auto insurance.