Home › Insurance Reform

Insurance Reform

News Story
6/25/2010
Posted by Consumer Watchdog
The health insurer pulled back after multiple math errors in its paperwork were found by its own staff and by an independent consultant working for California. A second insurance company in California has killed plans for double-digit rate hikes for individual policyholders because of errors in its filing that would have inflated premiums, state...
News Story
6/16/2010
Posted by Consumer Watchdog
A little-noticed provision in the Wall Street reform bill illustrates one of the central questions of the effort:  Who should be in charge of regulating the industry?  A Senate provision that would create a national insurance office in the Treasury Department has sparked a debate over how much authority the federal government should have...
News Story
6/14/2010
Posted by Consumer Watchdog
WASHINGTON, DC -- In the end, the insurance giant just couldn't convince Californians it had their interests at heart. Despite $16 million in campaign spending by Mercury General, a controversial automobile insurance ballot question lost at the ballot box. The Mercury-founded and funded Californians for Fair Auto Insurance Rates sought to convince...
News Release
6/14/2010
Posted by Consumer Watchdog
Washington, D.C. --- The financial reform bill will deregulate state insurance oversight by allowing the Treasury Department to use a new national insurance office to overturn a broad range of state protections, including solvency rules, if the legislation is not amended, warned Consumer Watchdog today. The House-Senate Conference Committee meets...
News Story
6/11/2010
Posted by Consumer Watchdog
SACRAMENTO, CA -- The big smackdown of big money in Tuesday's primary might have big implications for the fall. The same level of skepticism that voters showed in rejecting lavish, multimillion dollar messages of two corporate-backed ballot measures could doom campaigns that hope that money alone will buy an election in the fall, political...
News Story
6/10/2010
Posted by Consumer Watchdog
A $16-million effort by auto insurers to ease regulations may not be over despite state voters’ decision to reject Proposition 17, which would have allowed drivers to take their continuous-coverage discount with them if they switched carriers. By the time all votes were counted early Wednesday, voters defeated the initiative 52% to 48%,...
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 Release
6/9/2010
Posted by Consumer Watchdog
Stunning Upset in $16 Million Campaign to Scam California Drivers   Santa Monica, CA - Ignoring a deceptive $16 million campaign by Mercury Insurance Company, California voters rejected a ballot measure that would have amended 1988 insurance reform Proposition 103 to allow insurance companies to impose surcharges on motorists who were not...
News Story
6/9/2010
Posted by Consumer Watchdog
Voters rejected two business-backed measures that would have changed the electric power and auto insurance industries in California. With all precincts statewide reporting, PG&E-backed Proposition 16 was failing with 52.5 percent no votes. No votes on Proposition 17, sponsored by Mercury Insurance, accounted for 52.1 percent of the total....
News Story
6/9/2010
Posted by Consumer Watchdog
SACRAMENTO, CA — California voters rejected a Mercury General-sponsored proposition to allow insurers to extend automobile insurance discounts to more drivers despite the company having 15-to-one spending advantage. Proposition 17 lost by a 52.1% to 47.9% margin, 2,004,410 to 1,848,768, according to unofficial results from the California...