Consumer group raises concern over new process. California Insurance Commissioner Lara on August 8 issued a Bulletin implementing rate review reforms aimed at stabilizing the state’s insurance marketplace. This accomplishes reforms that were included in budget trailer language that Governor Newsom introduced in May, and which were first proposed by Commissioner Lara last year as […]
Consumer Group Seeks to Have Mercury Insurance License Suspended or Revoked in California
Consumer Watchdog yesterday filed a Petition to Intervene in an enforcement action brought by the California Department of Insurance (CDI) against Mercury Insurance Group for overcharging, misleading and discriminating against California homeowners and motorists. Mercury is the state’s 3rd largest auto insurer and 6th largest home insurer. Consumer Watchdog said its participation in the matter […]
Consumer Group Says California Insurance Department Didn’t Follow Procedure When it Approved GEICO Auto Insurance Rate Hike
In a letter, Consumer Watchdog, the non-profit consumer and taxpayer advocacy organization alleged the California Department of Insurance recent approval of a $268 million increase in auto insurance premiums for GEICO customers didn’t follow the public participation requirements of Proposition 103. Overall, the 6.9% rate hike will impact 2.1 million GEICO policyholders who face an […]