Prop 103 News

California Court Denies Review of Insurer Challenge to Commissioner’s Advertising Decision

The California Supreme Court this week rejected a petition for review by Mercury Insurance and a coalition of insurance industry groups in a case that pitted them against California Insurance Commissioner Dave Jones. The California Department of Insurance hailed the …

Watchdog Group Wants California to Look into Claims in ProPublica Report

Consumer Watchdog, a California-based advocacy group, is asking the state’s insurance commissioner to open an investigation into the alleged redlining uncovered by a ProPublica report that claims that four auto insurance companies in California mark up prices by as much …

California Judge Denies State Farm’s Request to Delay Rate Reduction Order

Superior Court Judge Katherine Bacal has denied State Farm’s request for a temporary restraining order in an attempt to delay California Insurance Commissioner Dave Jones’ enforcement of his order directing the carrier to reduce homeowners and renters rates by 7 …

State Farm Agrees to Cut Rental Rates in California by 40%

California Insurance Commissioner Dave Jones on Wednesday announced he has obtained an agreement from State Farm General Insurance Co. to reduce their rental dwelling program policyholders’ rates statewide by an average of 40 percent. The reduction is to be effective …

California Watchdog Group Wants State Farm to Reduce Rates by 40%

Consumer Watchdog filed a petition in California challenging State Farm’s proposed rates for its homeowners insurance and wants the insurers to cut its rates by as much as 40 percent. The Santa Monica, Calif.-based consumer group said insurer will be …

California Consumer Group Seeks Enforcement Action Against Geico

The Consumer Federation of California is alleging that Geico Insurance Co. illegally quotes higher minimum automobile coverage levels than permitted under state law to unmarried, lower or moderate-income motorists The allegations were made in a petition filed Thursday with the …

California Court Rejects Insurance Challenge to Prop. 103

The Sacramento Superior Court issued a decision rejecting an insurance industry challenge on the California insurance commissioner’s regulations under Proposition 103 that limit the amount of advertising costs insurers may pass on to consumers through insurance premiums. California Insurance Commissioner …

Prop. 103 vs. Self-driving Cars Revving up in California

Way back in 1988 it probably seemed like the idea of self-driving vehicles was about as far off as flying cars or hovercraft. That was the year California voters enacted Proposition 103, giving among other things an insurance commissioner the …

Big Brains at Big ‘I’, Insurance Information Institute Give Their Take on 2014

Most economists are upbeat about next year, but just what does that mean for insurance agents in 2014? For independent agents 2013 was a year in which one entity forecasted their eventual demise, and for the rest of the business …

Report Calls for Prior Approval for All States

Holding automobile insurance regulation in California as an example, the Consumer Federation of America issued a report on Tuesday showing that auto insurance expenditures in America rose by 43 percent on average over the past quarter century. The report holds …