Homeowners Dropped by Insurers Facing Massive Rate Hikes
Homeowners who were dropped by their insurance company and confronted with massive rate hikes will speak out at a press conference prior to a legislative...
Insurance
Insurance news, investigations, and reform — auto, home, and health insurance rates, claims denials, and industry accountability.
Consumer Watchdog Achieves Increased Transparency, Enhanced Wildfire Risk Disclosures for Consumers in Settlement with Allstate
Consumer Watchdog reached a settlement with Allstate and the California Department of Insurance, resolving the company’s application with the Department for a rate increase of...
Consumer Participation In Insurance Rate Review, Billions In Consumer Savings, At Risk From Commissioner Lara’s Actions
Los Angeles, CA — Consumer Watchdog issued the following statement about Commissioner Lara’s action today threatening consumers’ voice in insurance rate review. “For the past two...
Insurance Commissioner Lara Certifies Consumer Watchdog’s Right To Intervene In Rate Cases
It should have been proforma, but Insurance Commissioner Ricardo Lara has finally certified Consumer Watchdog’s right to collect compensation for intervening in insurance rate cases....
Consumer Watchdog Calls for Public Hearing on State Farm’s Unprecedented Request for 4-Year, $5.2 Billion Policyholder Bailout
Los Angeles, CA — Consumer Watchdog is asking Insurance Commissioner Lara to hold a public hearing on State Farm’s new request for a 30% increase in...
Bailout: Insurance Commissioner Would Force Homeowners to Pay for FAIR Plan Losses
Los Angeles, CA — Insurance Commissioner Ricardo Lara today proposed a multi-billion dollar policyholder bailout of the insurance industry for its exposure to wildfire losses at the...
Insurance Journal – How California’s Homeowners Insurance Crisis Is Affecting Brokers
By Don Jergler, INSURANCE JOURNAL https://www.insurancejournal.com/news/west/2024/07/23/785223.htm A growing homeowners insurance crisis for Californians is straining brokers who must work harder to get increasingly expensive and...
Consumer Watchdog Responds To Industry Attack On Its Right To Challenge Unjustified Rate Hikes; Calls On Insurance Commissioner Lara To Follow Law & Confirm Its Eligibility
Los Angeles, CA — Consumer Watchdog called on the Department of Insurance to stop erecting roadblocks to public oversight and confirm the organization’s eligibility to challenge...
Consumer Watchdog to Testify that Five Loopholes in Lara Rule Will Stand in the Way of New Coverage in Fire Areas
Sacramento, CA – Loopholes in the latest regulation proposed by Insurance Commissioner Ricardo Lara will enable continued insurance redlining and non-renewals in fire zones, not spur...
Lara’s 85% wildfire coverage plan morphed to just 5%
Insurance Commissioner Ricardo Lara’s latest regulation to get insurers covering California again has another massive loophole. Insurers’ so-called commitment to increase sales in risky areas...
Lara Plan Leaves Home, Condo, Apartment Insurance Unaffordable and Unavailable
Sacramento, CA — Home insurance will remain unaffordable and unobtainable for many Californians under new rules proposed by Insurance Commissioner Ricardo Lara today, said Consumer...
Consumer Groups Warn Lawmakers: Governor’s Insurance Bill Will Cost Californians Billions
Sacramento, CA — Six consumer organizations warned state Senate and Assembly leaders that a budget trailer bill proposed by the governor would cut the public...