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Corporate Greed

News Story
9/1/2012
Posted by Mark Reback
Proposition 33 on the Nov. 6 ballot is an industry-backed plan to change California law affecting the price of car insurance. The Star recommends a "no" vote on Proposition 33 because its negative effects would outweigh any benefits to drivers and the public. The ballot measure's major financial backer, to the tune of millions of...
News Story
8/29/2012
Posted by Mark Reback
Dogged by criticism, WellPoint CEO Angela Braly abruptly resigns, and the health insurance giant that runs Anthem Blue Cross in California names an interim CEO. Bowing to intense investor pressure, the chairwoman and chief executive of health insurance giant WellPoint Inc. abruptly resigned and the company named an interim CEO. The nation's...
News Release
8/17/2012
Posted by Jamie Court
Los Angeles, CA ---  A front page story in the New York Times about hundreds of thousands Californians who have been unemployed long term brings into focus the faces of Californians who will be unfairly surcharged under insurance-industry based Prop 33, said Consumer Watchdog Campaign, which is fighting the ballot measure. Prop 33 gives auto...
News Story
8/14/2012
Posted by Mark Reback
The $2.5-billion deal would boost Tesoro's West Coast presence and give BP cash it needs. It also would leave Tesoro and Chevron controlling more than half of California's gasoline production. Texas oil giant Tesoro Corp. said it will spend $2.5 billion to buy a sprawling refinery in Carson and other assets — including the Arco...
Blog Post
8/11/2012
Posted by Harvey Rosenfield
The Mercury Insurance initiative’s lawsuit to stop the Attorney General and us opponents from telling the truth about Proposition 33 – how it will raise auto insurance rates – got tossed out of Sacramento Superior Court last Thursday. The Mercury campaign asked the court to rewrite the Official Ballot Pamphlet, which is sent to...
News Story
10/25/2002
Posted by Mark Reback
Proposition 33, a proposal to offer discounts to car insurance customers even if they change companies, is another attempt by Mercury Insurance to manipulate the marketplace. Mercury Chairman George Joseph is bankrolling the initiative, contributing almost all of the $16.6 million campaign fund. Opponents have raised $222,800. Joseph also financed...