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News Release
12/2/2009
Posted by Consumer Watchdog
Financial Reform Should Not Override State Protections, Says Consumer Watchdog   Washington, D.C. --- Legislation to undermine state insurance protections, including laws requiring insurers to hold enough money to pay all claims, passed the U.S. House Financial Services Committee today. Insurance deregulation should not be part of a...
News Story
11/14/2009
Posted by Consumer Watchdog
SACRAMENTO, CA -- As he campaigns to become California's next governor, Republican Steve Poizner often proclaims that auto and homeowner insurance rates have fallen by $1.81 billion since he took over the state's Department of Insurance in January 2007. But one consumer group, which compiled statistics at the request of the Mercury News, argues...
News Story
10/27/2009
Posted by Consumer Watchdog
WASHINGTON, D.C. -- Any legislation creating a Federal Insurance Office will include a strong role for the Treasury Department in negotiating international insurance agreements, the leadership of the House Financial Services Committee made clear today. It came as the leaders of the committee announced that the panel will delay action on the...
News Release
10/27/2009
Posted by Consumer Watchdog
Washington, D.C. --- Consumer Watchdog sent a letter to Treasury Secretary Geithner, House Financial Services Committee Chair Barney Frank, and Financial Services Subcommittee Chair Paul Kanjorski today, arguing that legislation intended to undermine state insurance protections (H.R. 2609) is inconsistent with the re-regulatory promise of the...
News Release
10/6/2009
Posted by Consumer Watchdog
Proposal Would Allow Treasury to Preempt State Capital Rules That Kept Insurance Policyholders Safe While Other Financial Firms Crashed Washington, D.C. -- Consumer Watchdog called on Congress to reject legislation allowing the Treasury Department to use international agreements to override state insurance laws, including those requiring insurers...
News Release
9/30/2009
Posted by Consumer Watchdog
Studies of Tough Regs in California Show Strong Benefit for Both Consumers and Casualty Insurers in Stable Market   Santa Monica, CA -- The defeat of the so-called public insurance option in the Senate Finance Committee’s version of health reform makes regulation of insurance premiums and copays even more critical, said Consumer...
News Story
9/16/2009
Posted by Consumer Watchdog
The controversy over the Los Angeles billboard telling the public "You Can't Trust Mercury Insurance" could soon become a lawsuit. Attorneys for Consumer Watchdog, the group that put up the message, have sent a letter to CBS Outdoor, Inc., the billboard owner, threatening legal action to force them to restore the sign if the company does...
News Story
9/13/2009
Posted by Consumer Watchdog
Bright Yellow Billboard Warned Consumers 'You Can't Trust Mercury Insurance' It's not unusual for businesses to respond aggressively when consumers go online to complain about them, but it's not often a billboard causes a major dust-up. In Los Angeles, the non-profit consumer group Consumer Watchdog is demanding that CBS Outdoor reinstall a bright...
News Release
9/10/2009
Posted by Consumer Watchdog
Billboard Giant Broke Contract with Consumer Watchdog After Insurance Executive Complained Santa Monica, CA -- CBS Outdoor must re-install Consumer Watchdog's billboard immediately and fulfill its contractual obligation, the consumer group demanded in a letter to the billboard company sent Wednesday.  The letter, from first amendment lawyer...
News Story
9/10/2009
Posted by Consumer Watchdog
His ideas sound good in theory - many say President Barack Obama made an eloquent argument for health care reform in his speech to Congress on Wednesday - but South Bay residents are still worried about changes to come. "I believe everyone should have health care, and we should provide it for citizens of this country," said Ross Strange...