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KCAL-LA – Los Angeles, CA: Allstate & Statefarm Are Requesting Massive Rate Hikes
Even without issuing new policies a farm and Allstate are asking the state's insurance commissioner for massive rate hikes, 28% for State Farm and 40% for Allstate.
In The News
KGO-SF (ABC) – San Francisco, CA: Farmers Insurance Haults New Homeowner Policies in CA
Statefarm is trying to pressure the insurance commissioner to approve a 721 million dollar additional increase in people's homeowner insurance premiums.
In The News
KTLA-LA (CW) – Los Angeles, CA: Allstate Pauses New Insurance Policies
Allstate joins 3 other insurers that have put a pause in their new policies including state farm, stating, it's just too expensive to ensure homes in California.
In The News
CBS 8 – Calls for Insurance Commissioner Lara To Take Action Against State Farm
California's Department of Insurance states "The factors driving state farm's decisions are beyond our control, including climate change, reinsurer costs affecting the entire insurance industry as well as global inflation." but the founder of Consumer Watchdog says the commissioner does have the authority to force State Farm to reserve course.
In The News
KTTV-LA (FOX) – Los Angeles, CA: State Farm Broke the Law With Their Decision to Stop Serving New Homeowners Policies
Harvey Rosenfield says that if State Farm is allowed to get away with it and the insurance commissioner does not enforce the law, other companies will follow suit very quickly, and we'll have a serious consequence in the market.
In The News
KPIX-SF (CBS) – San Francisco, CA: State Farm is Trying to Lead an Insurance Insurrection
Harvey Rosenfield states that the entire insurance industry market in California will be deeply destabilized with terrible repercussions for the policyholders and the public.
In The News
KABC- Los Angeles, CA: What’s the Ulterior Motive Behind State Farm’s Removal of New Insurance Policies in CA?
Harvey Rosenfield, founder of consumer watchdog, and author of prop 103 passed decades ago to protect consumers from surging insurance rates, says he believes there's an ulterior motive. "State Farm submitted $700 million worth of rate increases in the last few weeks; I think they are trying to exact economic pressure as the states largest insurance company on the insurance commissioner Ricardo Lara in order to pass these new higher rates that are unjustified."
In The News
KGO(ABC) – San Francisco, CA: Insurance Companies Are Counting Mileage and Increasing Rates
Consumer Watchdog's Carmen Balber says policyholders must be asked about their mileage but not that often; insurance companies only technically have to ask every three years.
In The News
KCAL – Los Angeles, CA; Make Sure Your Insurance Company Doesn’t Penalize You For An Accident That Wasn’t Your Fault
Consumer Watchdog founder, Harvey Rosenfield, warns consumers to make sure their insurance companies don't charge them for an accident that was caused by the recent storms on the West Coast.
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