Latest Insurance Releases

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...

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...

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...

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 more...

Consumer Watchdog Responds To Industry Attack On Its Right To Challenge Unjustified Rate Hikes; Calls On Insurance Commissioner Lara To Follow Law & Confirm Its...

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...

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...

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...

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 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...

Governor’s Proposal Targets Prop 103’s Public Rate Review that has Saved Homeowners, Drivers, Doctors $6 Billion on Insurance

A proposal by Gov Newsom would undercut independent public scrutiny of insurance rate increases and jeopardize Californians

Commissioner Lara Gives State Farm Green Light to Reduce Wildfire Mitigation Discounts and Avoid Explanation of How Homeowners’ Wildfire Risk is Determined

Los Angeles, CA – Insurance Commissioner Ricardo Lara approved State Farm’s reduction of the discounts it offers homeowners for wildfire mitigation and freed the company...

Consumer Alert: Commissioner Lara’s UN-FAIR Home Insurance Deal

California Insurance Commissioner Ricardo Lara’s deal with the insurance industry is a Bait and Switch on consumers - it won’t get a single new homeowner covered.

New Consumer Alert Video Warns Insurance Commissioner’s Deal Won’t Get Homeowners Real Coverage

Scant “UNFAIR Plan” Policy is the Most Insurers Would Have to Sell  Los Angeles, CA – In a consumer alert video released today Consumer Watchdog warns...

Commissioner’s Secret Cat Model Plan

Imagine if the IRS were allowed to base your taxes on its own “projections” of your income. And you were not allowed to check...

Wildfire Mitigation Discounts Too Low, Insurance Companies Fail to Explain How They Rank Homeowners’ Wildfire Risk, Consumer Watchdog Challenges

Consumer Watchdog Challenged State Farm for failure to properly disclose or explain to consumers their wildfire risk classifications

Commissioner Lara Proposes Minimal Oversight, Secrecy of Black-Box Wildfire Insurance Models

Proposed Regulation Will Raise Rates but Will Not Stop Home Insurance Companies’ Market Boycott, Says Consumer Watchdog Los Angeles, CA – Insurance Commissioner Ricardo Lara’s proposal...

Watchdog Renews Call on Insurance Commissioner Lara to Mandate Insurance Companies Disclose the Fossil Fuel Projects They Insure

Lara Rejected Petition from Over 60 Groups to Require Disclosure in 2019 Los Angeles, CA - Insurance Commissioner Ricardo Lara must hold insurance companies accountable for their...

Consumers Who Harden Homes to Reduce Wildfire Risk Must Have a Right to Buy  Insurance, Consumer Watchdog to Testify before Little Hoover Commission

Sacramento, CA – California must require insurance companies to sell home insurance to homeowners who protect their homes from wildfire in order to restore consumers’...

As Drafted, Insurance Commissioner’s Proposed Rules for Insurance Catastrophe Models Preserve Secrecy of Black Box Models

Los Angeles, CA - Consumer Watchdog issued the following statement about the proposed catastrophe modeling rules released by Insurance Commissioner Ricardo Lara today. “Black box...

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