State Farm’s Shady Reinsurance Deal
Annual reports for State Farm’s home insurance subsidiary in California suggest it’s sending profits out of state by overpaying its parent company for reinsurance. California...
Insurance
Insurance news, investigations, and reform — auto, home, and health insurance rates, claims denials, and industry accountability.
Consumer Watchdog Saves Policyholders More Than $53 million with 21st Century, USAA, and Liberty Insurance Rate Hike Challenges
Los Angeles, CA — Consumer Watchdog recently reached settlement in three challenges to double-digit rate hikes requested by 21st Century Insurance Company for its auto policies,...
Insurance Industry Spokesman Maviglio Caught Vandalizing Car On Video; Consumer Watchdog Writes To Inform Head of Trade Group
Los Angeles, CA – Consumer Watchdog has written the head of the American Property Casualty Insurance Association with a video showing its Sacramento spokesperson, Steve Maviglio, vandalizing...
Lara’s New Draft Regulation Not Improved: Loopholes Still Free Insurers From Promises to Sell More Coverage; Public Calls for Model Transparency, Accountability Go Unanswered
Los Angeles, CA — Consumer Watchdog said today’s amendments to Insurance Commissioner Ricardo Lara’s regulations that let insurance companies hike rates based on secret algorithms related...
Homeowners Dropped by Insurers And Facing Massive Rate Hikes Speak Out; Consumer Watchdogs Say Lara Lied About Expanding Wildfire Coverage In Exchange For Higher Rates
Los Angeles, CA — Homeowners who were dropped by their insurance company and confronted with massive rate hikes spoke out at an Assembly Insurance Committee...
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...
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...