Insurance Industry Gives CA Senators $2.35 Million To Win Right To Raise Homeowners' Rates

Sacramento, CA – Members of the California State Senate have taken $2,353,000 in campaign contributions from insurance companies and insurance industry trade associations in the last two election cycles, according to data reported to the California Secretary of State. Of that total, $1.1 million was given to the thirteen Senators who sit on the Insurance Committee that will soon vote on the insurance industry’s top priority in Sacramento this year.

Sneak Insurance Industry Power Play In Sacramento Threatens To Jack Up Home Insurance Rates In Violation of Voter-Enacted Insurance Rate Regulation

Los Angeles, CA – Consumer Watchdog warned today that homeowners could pay billions more for their home insurance under a sneak insurance industry legislative attack on California’s effective rate regulation under the cover of the corona virus and police abuse crises.

Californians in High Fire Risk Areas Facing Increased Rates and Non-Renewals

Watchdog Says Insurance Commissioner Lara Is Not Doing Everything In His Power To Help Homeowners Dealing With Wildfire Insurance

​​​​​​​US Supreme Court Refuses to Hear Mercury Insurance Challenge to Prop 103 Insurance Rules that Saved California Motorists Over $100 Billion

SANTA MONICA, CA - The U.S. Supreme Court today rejected a challenge brought by Mercury Insurance, State Farm and other insurance companies across the United States to insurance reform Proposition 103. That California law has saved motorists over $100 billion since 1988 by regulating insurance companies to limit price gouging, profiteering, inflated executive salaries and other unjustified expenses. (Mercury Casualty Company v.

Consumer Watchdog’s Prop 103 Challenges Bring $227 Million in Insurance Rate Savings

SANTA MONICA, CA – Consumer Watchdog’s challenges filed under Proposition 103 to proposed auto, home and business insurance rate increases saved consumers $227.4 million in 2017, the nonprofit, nonpartisan public interest group said today.

Since 2003, the group’s challenges in rate proceedings before the Department of Insurance have saved consumers a total of $3.4 billion. Savings have averaged a little more than a quarter of a billion dollars – $227 million – per year.