Consumer Watchdog, argues records show state farm has plenty in the bank, reporting the company made $1.4 billion in homeowners insurance from 2020 to 2022.
Consumer Watchdog says it's no different than the tobacco companies. Tobacco companies hid the dangers of tobacco and they were ultimately held liable for billions of dollars in health care costs. It's the same theory.
If insurers have to make up the difference for this and future fires, Consumer Watchdog says the insurance commissioner wrote a memo saying it's okay to pass on that to all of the other policyholders.
Consumer Watchdog has been critical of the new regulations. If people are on the fair plan it's because the private insurance industry put them there by not renewing or canceling policies.
If the California fair plan goes bankrupt, what does that mean for the average consumer, and how likely is that to happen? Jamie Court says you can bet that if the Fair Plan goes bankrupt,…
Consumer Watchdog has been critical of the new regulations. From the beginning it was an attempt by companies to get all ratepayers to foot the bill for disaster losses.
Consumers should try and get a copy of their insurance policy and then start collecting receipts, start recording everything. Many consumers don't know that they have a right to get reimbursement from their insurance company…
Carmen Balber says it's pretty easy to understand that if you put all the risky people in one basket and something big happens, we start to run into financial troubles.
It's a long road, but there are a lot of protections in place in California to ensure that your insurance company does pay what they've promised. It's really important for those who are evacuated now,…
