Los Angeles, CA -- A national insurance expert and actuary has warned California lawmakers that AB 2167, scheduled for a vote in the Senate Insurance Committee on Tuesday, would raise homeowners’ insurance rates by 40% in the first year it takes effect and make it harder for Californians to find coverage.

With Californians in COVID lockdown, industry lobbyists are working to overturn voter-approved consumer protections

August 2, 2020

State lawmakers are preparing a gift for you: a massive increase in the premiums you pay to insure your home and property.

While most Californians have been in lockdown, lobbyists for the insurance industry have been in Sacramento working hard to overturn protections California voters passed in 1988 against insurance price-gouging and discrimination.

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.

Sacramento, CA –  The Assembly Insurance Committee voted today to allow insurance companies to raise rates on homeowners and renters in violation of voter-approved Proposition 103.  The bills would force unjustified insurance rate hikes onhomeowners in the very communities devastated by wildfires that they purport to help, said Consumer Watchdog.

Los Angeles, CA — While the rest of the state is sheltering at home, lobbyists for the insurance industry are busy promoting legislation, scheduled for a hearing tomorrow, that would allow them to boost insurance rates on homeowners and renters.