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News Story
7/19/2010
Posted by Consumer Watchdog
OLDWICK, N.J. --Since the passage of U.S. health care reform, battles have erupted in some states between insurance commissioners and health insurers over double-digit premium rate increases sought by insurers on members in their individual and small group health plans. Some fights are being waged in the battleground states of California,...
News Release
6/30/2010
Posted by Consumer Watchdog
Consumer Watchdog Says Average 15% Rate Could Still be Excessive Under Proposed ‘Prior Review’ Rate Regulations Santa Monica, CA -- Anthem Blue Cross of California, under fire for substantial math errors in its proposed health premium increases averaging 25%, has made the minimum possible reduction in reissuing its proposed increases,...
News Story
6/29/2010
Posted by Consumer Watchdog
A consumer group warned in a letter to U.S. Health and Human Services Secretary Kathleen Sebelius that health insurers “cannot be trusted” when lobbying over provisions of the new federal health reform law. Consumer Watchdog, which bills itself as a nonpartisan group, said investigations into California rate increases sought by...
News Story
6/21/2010
Posted by Consumer Watchdog
Imperial, CA - As Imperial County struggles with major unemployment, many drivers have failed to take advantage of a program that could help them. So far this year, only two motorists in Imperial County has qualkified for the state's Low Cost Auto Insurance program, an affordable way to comply with the law. Imperial County...
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...