News Releases
Climate Risk Modelers’ Financial Conflicts Should Disqualify Their Use for Insurance Rates in California
Los Angeles, CA – The top two publicly-traded companies selling black box catastrophe models to insurance companies have financial conflicts of interest that should bar their use in California to...
Lara’s Deal with Insurance Industry Does Nothing for Consumers and Does Not Address Climate Change
California Insurance Commissioner Lara’s behind-closed-doors deal will allow the insurance industry to raise home insurance premiums for 8.7 million Californians.
Consumer Watchdog Says Lara’s Undisclosed Deal Will Allow Insurance Companies to Use Algorithms And Reinsurance Costs to Hike Home Insurance Rates, Potentially Turning California...
Sacramento, CA --- Today’s announcement by Insurance Commissioner Ricardo Lara that he would allow insurance companies to use secret algorithms to set rates for homeowners’ coverage for wildfire and...
Consumer Watchdog Urges Newsom Not To Call State of Emergency On Insurance And Put Himself and Other 3% of Homeowners Over the 97% Who...
Sacramento, CA -- The leaders of Consumer Watchdog today wrote Governor Newsom to dissuade him from declaring a state of emergency on insurance that would give Insurance Commissioner Ricardo...
Insurance Industry Fails to Win Backroom Bailout in CA Legislature
Consumer Watchdog Calls for Open Debate and Disclosure of Secret Proposals As Insurer Focus Shifts to Insurance Commissioner Lara
Sacramento, CA -- The insurance industry’s attempt to pass a secret, last-minute...
Garamendi, Nader, and SD Union Tribune Add Voices Against 11th Hour Insurance Bailout Legislation, Consumer Watchdog Urges Vigilance Until Monday Deadline
Sacramento, CA -- As public opposition mounts to the still-secret, back-room insurance bailout deal in Sacramento, Consumer Watchdog urged vigilance until the Monday, September 11, deadline for new legislation to...
Consumer and Environmental Groups Locked Out of Secret Wildfire Insurance Deal Oppose 11th Hour Insurance Industry Bailout
Sacramento, CA -- Fourteen consumer, environmental, economic justice organizations and consumer advocate Ralph Nader said that public interest groups have been intentionally excluded from backroom negotiations with the insurance industry...
Consumer Watchdog Urges Attorney General Bonta to Investigate Industry Collusion on Homeowner Insurance Shortages
Consumer Watchdog Urges Attorney General Bonta to Investigate Industry Collusion on Homeowner Insurance Shortages
"Insurers collected more than $150 billion in premiums from California homeowners over the last 25 years...
Insurance Lobbyist Caught On Tape Bragging And Joking About End of Legislative Session “Surprise” To Jam Consumers For Bailout
Sacramento, CA -- A 17 year veteran insurance industry lobbyist, Michael Gunning, now chief strategy officer for Lighthouse Public Affairs, was taped on a Southwest flight bragging and joking...
Insurance Companies Seek Massive Bailout & Deregulation Scheme In Sacramento
Sacramento, CA -- Insurance companies are seeking a multi-billion dollar bailout of the insurance industry for its exposure to wildfire losses, pushing for a last-minute deal at the end of the legislative session.
The...
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