Home › Affordable Insurance

Affordable Insurance

Affordable Car & Home Insurance
News Release
8/31/2010
Posted by Jamie Court
Santa Monica, CA -- Some of the top Democratic recipients of health insurance cash teamed up with Republicans in the California state senate late Monday to block health insurance premium legislation authored by state Assembly Members Dave Jones and Mike Feuer. Overall health insurers have given $800,218 in campaign contributions to California...
Blog Post
8/30/2010
Posted by Consumer Watchdog
When Anthem Blue Cross announced its controversial premium increases in California recently, the insurer claimed, "a carrier must be able to receive actuarially sound rates." So it is remarkable that "progressive" San Francisco State Senator Mark Leno, a single payer health care advocate, recently introduced eleventh hour...
News Release
8/30/2010
Posted by Consumer Watchdog
Actuarial Soundness” Defense Protects Insurers At Expense of Rate Regulation, Consumer Watchdog Says Los Angeles, CA -- Anthem Blue Cross’s defense of its recent controversial premium increases will be codified in law under eleventh hour legislation by San Francisco State Senator Mark Leno, SB 1163, just as the California legislature...
Legal Update
8/25/2010
Posted by Consumer Watchdog
In August 2008, Liberty Mutual Insurance Company submitted applications to the California Department of Insurance for a rate increase of 4% and revisions to its auto rating factor plan (that’s the plan an insurer uses to distribute rates among its different policyholders, for example, charging less to someone who drives 5,000 miles versus...
News Story
8/16/2010
Posted by Consumer Watchdog
OLDWICK, N.J. -- Certain life insurance agents and broker-dealer firms could face increased legal liability depending on how the U.S. Securities & Exchange Commission rules on the fiduciary standard pertaining to the sale of investment products. Under the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, signed into law on...
Blog Post
8/13/2010
Posted by Consumer Watchdog
Life insurers are facing broad criticism for profiting from the death benefits of soldiers and other life insurance policyholders even after a claim is supposed to be paid.  Insurers are using so-called "retained benefit accounts" to hold onto payments they owe to families of deceased policyholders. They deposit the funds in insurer...
News Release
8/12/2010
Posted by Consumer Watchdog
Program Provides Economic Opportunity in Tough Times, With No Taxpayer Cost   Santa Monica, CA – California lawmakers gave final approval Wednesday to legislation strengthening and extending the innovative “Low Cost Auto Insurance Program” that offers an affordable bare bones car insurance policy to low-income motorists...
News Release
8/3/2010
Posted by Consumer Watchdog
$1 Million Grant Would Bolster Industry-favored Schwarzenegger Plan, Help Kill Actual Regulation of Insurance Companies Washington, DC -- Consumer Watchdog today asked Health and Human Services Secretary Kathleen Sebelius to reject Gov. Arnold Schwarzenegger’s request for a $1 million grant under the new health reform law. The grants are...
News Story
7/30/2010
Posted by Consumer Watchdog
As an Aug. 31 deadline nears, state lawmakers haggle over how difficult it should be for companies to significantly raise premiums. Insurance analysts say they expect Gov. Arnold Schwarzenegger and state lawmakers to move quickly — the Legislature is scheduled to adjourn Aug. 31, and all pending legislation that doesn't pass by then will...
News Release
7/30/2010
Posted by Consumer Watchdog
If Californians Have to Buy Health Insurance, Insurers Have to Be Regulated, Says Watchdog’s Letter to Gov. Santa Monica, CA -- Consumer Watchdog has called on Gov. Arnold Schwarzenegger to withdraw weak pseudo-reforms of the health insurance industry that would bar strong regulation of health insurers. Schwarzenegger sent his proposals this...