Mercury News – PG&E reports profit of more than $2 billion for 2024
By George Avalos, MERCURY NEWS OAKLAND PG&E reported on Thursday that it had a profit of just under $2.48 billion in 2024,…
Feb 19, 2025Providing an effective voice for American consumers in an era when special interests dominate public discourse, government and politics. Non-partisan.
By George Avalos, MERCURY NEWS OAKLAND PG&E reported on Thursday that it had a profit of just under $2.48 billion in 2024,…
Feb 19, 2025By Stephen Hobbs, SACRAMENTO BEE https://www.sacbee.com/news/politics-government/capitol-alert/article299975049.html Insurance Commissioner Ricardo Lara said State Farm must answer more questions about its finances before the…
Feb 18, 2025By Megan Fan Munce, SAN FRANCISCO CHRONICLE https://www.sfchronicle.com/california-wildfires/article/insurance-state-farm-lara-20168085.php# In a rebuke to the state’s largest insurance company, California Insurance Commissioner Ricardo Lara…
Feb 18, 2025By Levi Sumagaysay, CALMATTERS California Insurance Commissioner Ricardo Lara today rejected State Farm’s request for “emergency” rate increases, setting up what could…
Feb 18, 2025By Ethan Varian, MERCURY NEWS California insurance regulators are demanding that State Farm answer “critical questions about its financial condition” in response…
Feb 18, 2025Consumer Watchdog supports the commissioner's decision, but wants the meeting with State Farm to be a public hearing, not a private one.
Feb 18, 2025Consumer Watchdog brought up why isn't its parent company stepping in; why is it on the backs of California taxpayers?
Feb 18, 2025Consumer Watchdog says they are glad the commissioner is asking for more information on this before moving forward with the request, but…
Feb 18, 2025By Libby Rainey, LAist https://laist.com/news/health/nearly-9-years-after-a-black-mothers-death-at-cedars-sinai-advocates-say-they-havent-seen-enough-change Just hours after the birth of their second child, Charles Johnson lost his wife Kira at Cedars-Sinai Medical…
Feb 18, 2025By Laurence Darmiento, LOS ANGELES TIMES https://www.latimes.com/business/story/2025-02-18/californias-insurance-commissioner-ricardo-lara-on-the-hot-seat-after-l-a-fires It has been more than a month since the harrowing wildfire swept through Pacific Palisades,…
Feb 18, 2025By Lawrence Darmiento, LOS ANGELES TIMES https://www.latimes.com/business/story/2025-02-14/insurance-commissioner-rejects-state-farms-request-for-22-emergency-rate-hike? State Farm General’s request for an emergency 22% hike of its home insurance rates due…
Feb 14, 2025By Pat Maio, LOS ANGELES DAILY NEWS The state’s insurance of last resort is charging a $1 billion special assessment to private…
Feb 14, 2025By Tran Nguyen, ASSOCIATED PRESS https://apnews.com/article/california-wildfires-insurance-fair-plan-dfb7cda506560ec50edee8ad72cbcda8 California’s plan that provides insurance to homeowners who can’t get private coverage needs $1 billion more…
Feb 14, 2025By Levi Sumagaysay, CALMATTERS After saying it would run out of funds by March, California’s last-resort fire insurance provider will impose a…
Feb 13, 2025By Laurence Darmiento, LOS ANGELES TIMES https://www.latimes.com/business/story/2025-02-11/fair-plan-to-assess-insurers-1-billion-for-l-a-fires-with-consumers-on-hook-for-nearly-half The California FAIR Plan received approval Tuesday from the state’s insurance commissioner to assess its…
Feb 12, 2025Consumer Watchdog says affected customers should not have to pay and it will fight what it calls a bailout.
Feb 12, 2025Consumer Watchdog warns that this will likely drive up insurance costs for all other homeowners across the state, as insurers pass on…
Feb 12, 2025By Andrew Sheeler, SACRAMENTO BEE https://www.sacbee.com/news/politics-government/capitol-alert/article299929444.html Should businesses be allowed to charge you more for the price of goods and services based…
Feb 11, 2025