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A reader whose homeowner's insurance policy isn't being renewed worries that regulations meant to protect consumers are backfiring.
Department of Insurance says auto insurers are creating barriers for new and renewing members, possibly violating state law.
Reforms labelled a "deregulation deal with insurers"
Citing growing shortages of homeowners, renters, and condo insurance in California, which the industry is using to pressure Sacramento leaders into a last-minute bailout that would lead to skyrocketing insurance premiums, Consumer Watchdog this morning asked CA Attorney General Rob Bonta to initiate an immediate investigation into whether insurance companies are colluding with each other to force higher prices, in violation of California law.
Homeowners insured by State Farm won’t get a $100 million refund after the state...