Home › Deregulation

Deregulation

News Story
5/27/2010
Posted by Consumer Watchdog
It’s been said that motorists in Ventura County — and all across car-centric Southern California — can’t part with their automobiles. How much of that can be attributed to auto insurance is yet to be seen, although an upcoming ballot measure could change the way people choose to insure themselves, according to supporters...
News Story
5/26/2010
Posted by Consumer Watchdog
Critics: Some Drivers May Face Surcharge SACRAMENTO, CA — The insurance company that placed Proposition 17 on the June ballot says it did so to save money for most policyholders. The consumer-advocacy groups opposing it say that’s merely a smoke screen. What the company, Mercury Insurance, really wants is to undermine a provision of...
News Story
5/26/2010
Posted by Consumer Watchdog
The prospect of broad new powers has attracted two Democrats, two Republicans and four minor-party candidates to the June 8 primary. Sacramento, CA - California's elected insurance commissioner — one of the most powerful jobs of its kind in the nation — is likely to get even more authority over the next four years as President Obama's...
Blog Post
5/25/2010
Posted by Consumer Watchdog
Two distinct narratives have emerged from last week’s approval by the U.S. Senate of financial reform legislation. One: Of an historic overhaul of the financial industry for reformers demanding accountability for Wall Street and new regulation to rein in the wild speculation and consumer abuses that led up to the 2008 economic meltdown. Two...
News Story
5/24/2010
Posted by Consumer Watchdog
(Click here to listen the broadcast of this news segment.) Some of the most closely watched contests in California’s June primary election are for ballot initiatives. In the past, voters have used them to rewrite the laws on everything from taxes to medical marijuana to raising chickens. But increasingly, these “citizens initiatives...
News Story
5/24/2010
Posted by Consumer Watchdog
Prop. 17 Among Propositions On June 8 Ballot SAN DIEGO, CA — A proposition on the June 8 ballot could have a significant effect on how much Californians will pay for auto insurance, but there is a disagreement over whether the proposition will save or cost money. While everyone would like to save money on car insurance, the question...
News Story
5/23/2010
Posted by Consumer Watchdog
Frankly, there's little credibility in a major insurance company spending beaucoup bucks on a ballot measure just so it can offer motorists a discount. But that is what Mercury Insurance wants you to swallow. The insurance giant says it is spending millions on Proposition 17 so it can offer California motorists a "continuous coverage...
News Story
5/21/2010
Posted by Consumer Watchdog
Opponents Doubt Many Drivers Would Benefit Proposition 17, a measure on the June 8 ballot funded primarily by $13.8 million in contributions from Mercury General Insurance, promises to create a new category of discounts for California motorists. There is, according to a Department of Insurance analysis, a catch. “A basic principle of...
News Release
5/20/2010
Posted by Consumer Watchdog
Washington, D.C. --- In advance of an expected final vote on financial reform legislation, Consumer Watchdog urged the U.S. Senate to fix provisions that would deregulate insurance oversight by giving the Treasury Department the ability to override state protections on behalf of foreign insurance firms, including laws requiring insurers to hold...
News Story
5/19/2010
Posted by Consumer Watchdog
Op-Ed Special to The Desert Sun Last month, the California Department of Insurance cracked down on an insurance company that has been overcharging motorists for 15 years.  That company, Los Angeles-based Mercury Insurance, also wrote and is bankrolling Proposition 17 on the June ballot. Mercury wants you to believe that its measure will save...