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News Release
5/20/2010
Posted by Consumer Watchdog
Washington, D.C. --- In advance of an expected final vote on financial reform legislation, Consumer Watchdog urged the U.S. Senate to fix provisions that would deregulate insurance oversight by giving the Treasury Department the ability to override state protections on behalf of foreign insurance firms, including laws requiring insurers to hold...
News Story
5/19/2010
Posted by Consumer Watchdog
Op-Ed Special to The Desert Sun Last month, the California Department of Insurance cracked down on an insurance company that has been overcharging motorists for 15 years.  That company, Los Angeles-based Mercury Insurance, also wrote and is bankrolling Proposition 17 on the June ballot. Mercury wants you to believe that its measure will save...
News Release
5/17/2010
Posted by Consumer Watchdog
Mercury Asking Dep’t of Insurance for $32 Million Rate Hike On Its Car Insurance Policyholders; Company Would Recoup All Its Money From $10 Million Prop 17 Campaign If Rate Hike is Approved Santa Monica, CA -- Mercury Insurance, the sponsor of Prop 17, is pushing regulators to allow a $32 million rate increase for California drivers insured...
News Story
5/16/2010
Posted by Consumer Watchdog
Deciding whether or not to buy earthquake insurance is a dilemma for California homeowners, but it's doubly difficult for condominium and town home owners. Condo dwellers can buy quake insurance that covers the interior of their unit and certain other expenses. Homeowners associations can buy insurance that covers the building and other common...
News Story
5/16/2010
Posted by Consumer Watchdog
Californians thought they had settled this already. But with Proposition 17, an initiative on the June 8 ballot, voters are being asked once again to set the rules governing auto insurance in California and how it’s priced. In reality, this fight has been brewing since 1988, when Californians passed Proposition 103, the landmark law...
News Story
5/14/2010
Posted by Consumer Watchdog
SACRAMENTO – The California State Assembly today approved legislation to extend California´s Low-Cost Automobile Insurance program through 2016. Assembly Bill 1597, authored by Assemblymember Dave Jones (D-Sacramento), was approved with a bi-partisan vote of 73-3. "Extending the low-cost auto insurance program is vitally important...
News Story
5/14/2010
Posted by Consumer Watchdog
One of California’s largest insurers has sunk upward of $10 million into ads and efforts supporting Proposition 17, the auto insurance measure on the June 8 ballot, in what consumer advocates are calling a “David and Goliath” battle that they say could affect consumers for years. The complex measure would allow drivers to...
News Story
5/13/2010
Posted by Consumer Watchdog
SACRAMENTO, Calif. (AP) — The insurance company that placed Proposition 17 on the June ballot says it did so to save money for most policyholders. The consumer-advocacy groups opposing it say that’s merely a smokescreen. What the company, Mercury Insurance, really wants is to undermine a provision of a voter-approved insurance...
News Story
5/13/2010
Posted by Consumer Watchdog
Click here to watch the broadcast of this news segment. SACRAMENTO, CA (KGO) — The battle over Proposition 17 on the June ballot is heating up. The measure could change auto insurance rates and both sides of the issue say they say they are protecting consumers. There are two major players. One is Consumer Watchdog, the group that...
News Story
5/12/2010
Posted by Consumer Watchdog
SACRAMENTO — The Mercury Insurance Co. is spending millions of dollars to sell its ballot measure, Proposition 17, as a surefire pocketbook winner for voters. Opponents, being outspent at a ratio of 20-to-1, are hoping that voters’ suspicion of Big Insurance will outweigh the promise of extra cash in their wallet. Voters historically...