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Insurance Reform

News Story
10/20/2010
Posted by Consumer Watchdog
SACRAMENTO, CA — The insurance industry has nearly doubled its contributions in support of the Republican candidate for state insurance commissioner in recent days, drawing criticism that insurers are trying to choose their own regulator. The indirect spending to elect Republican Mike Villines and attack Democrat Dave Jones raises questions...
News Story
10/20/2010
Posted by Consumer Watchdog
The National Association of Insurance Commissioners is scheduled to vote Thursday on regulations governing the law's medical-loss ratio, which requires insurers to spend 80 percent to 85 percent of premiums on medical spending or activities that improve care. Liberals by and large approve of the regulations that have been adopted by several...
News Release
10/19/2010
Posted by Consumer Watchdog
$2.655 Million To Date To Sacramento Political Committee That Doesn't Disclose Industry Funding In Ads Supporting Villines, Attacking Jones Santa Monica, CA - Insurance companies' addition of $1.365 million this weekend to their campaign to elect Mike Villines as insurance commissioner is consistent with Consumer Watchdog's expectation that the...
News Story
10/19/2010
Posted by Consumer Watchdog
The following op-ed commentary was published in the Los Angeles Times on Tuesday, October 19, 2010. Obama should forbid premium hikes until the companies comply with pricing provisions of the new federal law. Health insurance companies have declared war on President Obama's healthcare plan. They are sending letters to policyholders announcing big...
News Story
10/15/2010
Posted by Consumer Watchdog
Sacramento, Calif. (AP) -- The insurance industry has given more than $1.5 million in indirect contributions to support the Republican candidate for state insurance commissioner, raising criticism among certain groups. Both candidates say they will not accept direct contributions from the industry they would regulate. The money is flowing instead...
Blog Post
10/15/2010
Posted by Consumer Watchdog
Death and taxes may be inevitable in life, but in politics what's inevitable is that you will have to face public opinion and the Constitution. President Obama is rightfully having to confront both over the worst flip-flop of his presidency: his endorsement of mandatory health insurance purchases. As the New York Times reports, courts are...
News Story
10/14/2010
Posted by Consumer Watchdog
Few statewide political jobs in California are more important – or more poorly understood – than that of state Insurance Commissioner. The commissioner can seize and license companies, decide rates, investigate wrongdoing, ride herd on insurers’ conduct in a $124 billion market, regulate brokers and agents, handle some health-...
News Story
10/14/2010
Posted by Consumer Watchdog
One of the candidates — Democrat Dave Jones or Republican Mike Villines — will have a chance to set up state programs as part of the healthcare overhaul.                      Reporting from Sacramento — Two state assemblymen not...
News Release
10/13/2010
Posted by Consumer Watchdog
$1.2 Million In Insurance Industry Donations In Past Two Weeks to Chamber PAC Running Ads Against Dave Jones Santa Monica, CA – For the second time in two weeks, insurance industry giants have made major contributions to a political action committee campaigning to defeat insurance commissioner candidate Dave Jones and elect Mike Villines,...
News Release
10/6/2010
Posted by Consumer Watchdog
Candidate Mike Villines Has Taken $66,950 From Insurance Companies Despite Pledge Not to Take Industry Cash Santa Monica, CA – Mercury Insurance Chairman George Joseph and Progressive Insurance have deposited three hundred fifteen thousand dollars in a political action committee that has begun an advertising campaign attacking insurance...