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Insurance Reform

Blog Post
12/29/2003
Posted by Consumer Watchdog
After unseating Gray Davis for his pay-to-play politics, Arnold has accepted an above-the-limits contribution from a company that is the capitol's foremost practitioner of pay-to-play: Mercury Insurance. Although the recall campaign ended on October 7th, Mercury contributed $38,800 on December 17th to "Arnold Schwarzenegger's Total Recall...
Blog Post
11/24/2003
Posted by Consumer Watchdog
As ArnoldWatch reported Thursday, in its effort to get to the truth underlying the crisis in workers' comp, the Senate has taken the unusual step of requiring all participants in the on-going workers compensation insurance hearings to testify under oath. Arnold called for these hearings and has made lowering workers' comp premiums for business...
Blog Post
11/20/2003
Posted by Consumer Watchdog
Arnoldwatch has learned that insurance company executives will have to testify under oath in the state senate -- risking perjury -- about their companies' role in the workers' compensation crisis. In order to hear the truth firsthand, Arnold should attend these Senate hearings because the unusual step of conducting them under oath means executives...
Blog Post
11/19/2003
Posted by Consumer Watchdog
In the workers' compensation reforms Arnold introduced today, insurance companies drew a "get-out-of-reform-free" card from the community chest. Arnold's proposal, known as AB 1, greatly reduces penalties against insurers that pay workers' benefits late and provides no regulation of the premiums workers' comp insurers charge businesses,...
Blog Post
11/18/2003
Posted by Consumer Watchdog
Day 2 of the Arnold Administration -- If we told you that the governor accepted a huge campaign contribution from the state's largest private workers' compensation insurer just before opening a special legislative session on workers' comp, you'd be sure that we accidentally got our wires crossed and were looking at some old story from the Gray...
News Release
7/9/2003
Posted by Consumer Watchdog
Consumer Groups Vow to Continue Fight to End Homeowner Insurers' Arbitrary, Inconsistent and Unfair Use of Credit History Sacramento, CA -- Legislation that would prohibit insurance companies from using a consumer's credit history to deny them homeowner's insurance coverage or to set rates was killed today by the Assembly Insurance Committee when...
News Release
10/15/2002
Posted by Consumer Watchdog
Property and Casualty Insurers Invested Too Heavily in Markets During Late 1990s Santa Monica-- Large liability insurance companies are demanding rate increases to offset massive investment losses, according to a new analysis of major insurance companies by the nonprofit Foundation for Taxpayer and Consumer Rights (FTCR). The insurance industry...