National Insurance Expert Warns CA Bill to Deregulate Homeowner Insurance Will Hike Rates 40% In First Year; Senate Vote Tomorrow

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.

Legislators Scheming With Insurance Companies To Raise Rates

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.

Op-Ed: Legislators Scheming With Insurance Companies To Raise Rates

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

Op-Ed Commentary by Harvey Rosenfield

August 2, 2020

https://www.mercurynews.com/2020/08/02/opinion-legislators-scheming-wit…

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

California Wants To Get Fire Coverage For Burned-Out Towns. Here’s Why Watchdogs Are Worried

By MACKENZIE HAWKINS, CAPITOL ALERT - SACRAMENTO BEE

June 10, 2020

https://www.sacbee.com/news/politics-government/capitol-alert/article24…

After several years of catastrophic burns — and the insurance industry pulling back from some fire-prone communities — many California homeowners will face the upcoming fire season without proper coverage.

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.

Assembly Insurance Committee Approves Bills to Let Insurers Raise Homeowners' Rates By Skirting Price-Gouging Protections

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.

Insurance Industry Pushes Legislation to Increase Homeowners Insurance Rates, Derail Public Protections Against Price Gouging, in Guise of Wildfire Response

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.

Here's How to Figure out the Amount of Homeowners Insurance You Should Actually Buy

By Chris Taylor, MONEY

April 13, 2020

https://money.com/heres-how-to-figure-out-the-amount-of-homeowners-insu…

Here’s some advice for new homeowners figuring out how much insurance coverage to buy: Think back to the popular childhood fable, and keep the Goldilocks Principle in mind: Not too much, not too little, but just right.