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Workers Comp

News Release
8/27/2009
Posted by Consumer Watchdog
Santa Monica, CA -- Consumer Watchdog’s Executive Director Douglas Heller issued the following statement about Insurance Commissioner Poizner’s announced suit to block the sale of State Compensation Insurance Fund (SCIF) assets. “The Insurance Commissioner and Department of Insurance regulators play a vital role in protecting...
News Story
12/26/2008
Posted by Consumer Watchdog
A plan to allow Americans to buy into Medicare before turning 65 would do a better job of lowering costs and expanding health coverage than private insurance, according to a new report by the Congressional Budget Office. The CBO studied a limited Medicare buy-in option for people ages 62 through 64 and estimated that the annual premium for single...
Blog Post
12/2/2008
Posted by Consumer Watchdog
This organization drew heat from some of our friends over the last year for tangling with then-Speaker of the California Assembly Fabian Nunez -- over his support for Governor Schwarzenegger's mandatory private health insurance plan, his flawed term limits extension initiative and his campaign contributor-financed junkets. Why, some of our...
News Story
9/27/2008
Posted by Consumer Watchdog
WASHINGTON ­D.C. -- When Chris Dodd took control of the Senate Banking Committee in January 2007 the seeds of today's financial disaster had long since been sown. Years of deregulation, lax government oversight and a monetary policy that fed into the greed of Wall Street had inflated housing values and encouraged risky loans. The subprime...
Blog Post
9/25/2008
Posted by Consumer Watchdog
Americans are sounding off in record numbers to Congress with strong disapproval of the proposed federal bailout of Wall Street, at taxpayer expense. Here’s a sampling of some of the comments we’ve received: Richard from Huntington Beach, CA: “This makes our family so angry. YOU cannot get a loan for a business or home that is...
Blog Post
9/18/2008
Posted by Consumer Watchdog
AIG’s near collapse has at least one silver lining: the US House took HR 5840 (Kanjorski, D-PA) off the floor yesterday. The bill would allow the treasury department to override state regulation of the insurance industry. (Consumer Watchdog’s letter to Rep. Kanjorski is here.) Kudos to Representatives Speier (D-CA) and Kucinich (D-OH...
News Story
9/16/2008
Posted by Consumer Watchdog
The insurer wins approval to use $20 billion in assets held by its subsidiaries. American International Group Inc., the nation's largest insurer by assets, Monday scrambled to borrow money from its subsidiaries and searched for as much as $75 billion in new capital as it struggled to stay afloat financially. The New York giant also considered...
Blog Post
9/12/2008
Posted by Consumer Watchdog
Governor Schwarzenegger should sign a bill that prohibits workers' compensation insurance companies from discriminating against people based on their race, age, sex or genetics. You'd think that was already the law, but (as I wrote in the spring) insurers have been using workers' personal characteristics - like the fact that women are more prone...
News Story
7/4/2008
Posted by Consumer Watchdog
Industry spent nearly 62 percent more between 2004 and 2007 THE OIL LOBBY Expenditures for federal lobbying by the oil and gas industry: • 2004: $51.8 million • 2005: $66.3 million • 2006: $75.2 million • 2007: $83.9 million • 2008 (first quarter): $26.5 million Source: Center for Responsive Politics WASHINGTON —...
News Story
6/6/2008
Posted by Consumer Watchdog
An unprecedented spike in crude oil prices followed the release of a dour unemployment report Friday, sending the stock market to its worst losses in months. By the end of the day, hopes that the economy’s slowdown was nearly over had been left behind. And consumers who had seen a small break in gasoline prices again were facing the prospect...