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Arnold Watch

News Story
7/30/2010
Posted by Consumer Watchdog
As an Aug. 31 deadline nears, state lawmakers haggle over how difficult it should be for companies to significantly raise premiums. Insurance analysts say they expect Gov. Arnold Schwarzenegger and state lawmakers to move quickly — the Legislature is scheduled to adjourn Aug. 31, and all pending legislation that doesn't pass by then will...
News Release
7/30/2010
Posted by Consumer Watchdog
If Californians Have to Buy Health Insurance, Insurers Have to Be Regulated, Says Watchdog’s Letter to Gov. Santa Monica, CA -- Consumer Watchdog has called on Gov. Arnold Schwarzenegger to withdraw weak pseudo-reforms of the health insurance industry that would bar strong regulation of health insurers. Schwarzenegger sent his proposals this...
News Story
7/11/2010
Posted by Consumer Watchdog
Without directly revealing their involvement, major industries and organizations play key roles in legislative contests. Reporting from Sacramento -- The issues and the special interests that pursued them in last month's primary election are familiar: Big oil, tobacco and insurance companies seeking armor against litigation and taxes; trial...
News Release
6/30/2010
Posted by Consumer Watchdog
Consumer Watchdog Says Average 15% Rate Could Still be Excessive Under Proposed ‘Prior Review’ Rate Regulations Santa Monica, CA -- Anthem Blue Cross of California, under fire for substantial math errors in its proposed health premium increases averaging 25%, has made the minimum possible reduction in reissuing its proposed increases,...
News Story
6/16/2010
Posted by Consumer Watchdog
A gap in the new contributions law allows him to use a $550,000 donation. SACRAMENTO, CA -- Gov. Arnold Schwarzenegger isn't letting a new rule limiting gifts to public officials put a crimp in his globetrotting ways. Instead, administration officials are availing themselves of a gap in state regulations to use a $550,000 gift from a Chinese...
News Story
6/9/2010
Posted by Consumer Watchdog
UPDATE 6:54 a.m. Proposition 17, auto insurance measure, appeared to be headed for defeat. With 99. 1 percent of the precincts reporting, it was losing by 158,000 votes, or 52-48 percent. *** California voters were divided closely on a measure Tuesday that would change state law to allow insurance companies to raise rates on drivers who let...
News Story
5/9/2010
Posted by Consumer Watchdog
Program in place until January 2011 State insurance officials estimate 18 percent of drivers will let their car insurance lapse in this tough economy, but California's Low Cost Automobile Insurance Program could help some motorists stay legal. Annual liability premiums run as low as $262 in Riverside County and $274 in San Bernardino County...
News Story
5/5/2010
Posted by Consumer Watchdog
Unlimited contributions are still allowed, but gifts of more than $420 can't be earmarked for individuals. Gov. Arnold Schwarzenegger's longstanding practice of relying on large charitable contributions from special interests to fund private jet charters and luxury hotel suites around the globe is being banned by regulators. Unlimited donations...
News Story
2/9/2010
Posted by Consumer Watchdog
There are major questions for a big auto insurance company over sky-high rates. A 275 page California Insurance Commission report obtained by the San Francisco Chronicle is landing a damaging blow to Mercury Insurance, just as it fights to change California car insurance regulations. The state found evidence that Mercury may have violated state...
Blog Post
11/18/2009
Posted by Consumer Watchdog
Oh, this is rich... The Sacramento Bee reports that Arnold collected $250K last year to finance his political reform ballot measure, Prop 11, from Scott Rothstein, the guy who is now being accused of running a massive Ponzi-style investment fraud in Florida.   Technically, the money went to the Prop 11 campaign, but Prop 11 was Arnold's pet...