A California law has given Consumer Watchdog, a nonprofit advocacy group, the ability to block $3.16 billion in auto insurance overages since 2002, a new report from the group said.
“The savings are thanks to a provision of Proposition 103 that subjects insurance companies to public scrutiny and empowers consumers to independently challenge unjustified rate increases and other unlawful insurance company practices,” a press release from the group said.
The release said the law is essential more than ever as insurance companies seek billions in additional new rate increases and attempt to weaken the state’s consumer protections. It said insurance companies blame the protection law for slowed processes and financial shortages.
