State Farm

Court Rejects Insurance Industry Sleight-of-Hand

“Hocus pocus.”  “Smoke and mirrors.”
 
These words appeared late Friday afternoon in a published decision of the California Court of Appeal in Sacramento describing the insurance industry’s latest failed attack on the consumer protections of insurance reform Proposition 103.
 
The Court upheld Prop 103 rules that prevent insurance companies from earning excessive profits and prohibit them from passing on excessive costs – like sports sponsorships – to consumers.
 

Surprise! Insurance Industry Hands Revealed Behind Prop 103 Attack

California consumers and small business owners saved $246 million dollars on their insurance in 2016 thanks to public rate challenges brought by Consumer Watchdog under insurance reform initiative Proposition 103.

Capitol Watchdog: Meetings to Watch This Week

In this week's meeting, from Nov. 16 - 20, the state's insurance department will be hearing a dispute over a rate increase by State Farm that Consumer Watchdog believes is unfair and overcharging customers by more than $200 million. In addition, the Public Utilities Commission was expected to decide if the Southern California Edison should be financially penalized over alleged improper communications tied to the San Onofre Nuclear power plant decommissioning. 

Capitol Watchdog is owned and operated by nonprofit Consumer Watchdog. For more information about Consumer Watchdog visit http://www.consumerwatchdog.org

 
 

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