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News Story
5/4/2010
Posted by Consumer Watchdog
Supporters of Prop 17 are on the air with their first TV spot promoting the June ballot measure.  The initiative, bankrolled by insurance giant Mercury General Corporation, would allow auto insurance companies to offer “continuous coverage” discounts to motorists who switch insurance carriers. Supporters say the...
News Story
5/4/2010
Posted by Consumer Watchdog
The Mercury Insurance Company’s ballot initiative, Proposition 17, officially began its air campaign Tuesday with a statewide 30-second TV spot, and it’s predictably raising hackles from its opponents. The Consumer Watchdog’s Doug Heller called it another attempt at misleading voters. This time, it has to do with an old tactic:...
News Story
5/3/2010
Posted by Consumer Watchdog
Sen. Jeff Merkley (D-Ore.) is leading an effort to ensure state insurance regulators keep strong powers under Wall Street overhaul legislation. Consumer Watchdog, U.S. PIRG (Public Interest Research Group), Public Citizen and the powerful National Association of Insurance Commissioners (NAIC) are backing Merkley's amendment and calling on...
News Story
4/16/2010
Posted by Consumer Watchdog
State Attorney General Jerry Brown won national attention for his move this week to investigate document-shredding involving Sarah Palin's scheduled speech at California State University Stanislaus. But the Democratic gubernatorial candidate's silence on allegations involving a California insurance giant that is also a generous political donor has...
News Story
4/13/2010
Posted by Consumer Watchdog
Mercury Insurance Group, which is bankrolling a controversial ballot initiative on car insurance, was accused by state regulators Monday of overcharging California motorists and homeowners for coverage. The state's third largest car insurer, Mercury "may have illegally overcharged thousands of Californians," according to the state...
News Story
4/13/2010
Posted by Consumer Watchdog
Mercury is accused of violating state laws on how policies are priced and sold. Mercury Insurance Group violated state laws meant to regulate how coverage is priced and sold and, as a result, overcharged perhaps thousands of Californians for homeowner and automobile insurance, the state Department of Insurance said Monday. The state's fourth-...
News Story
4/13/2010
Posted by Consumer Watchdog
Mercury Insurance Group, a major backer of a hotly contested insurance measure on the June ballot, faces potentially costly fines in the wake of a new state report alleging that California's third-largest insurer is violating state laws "despite agreements with the state to terminate illegal behavior." The report, released Monday by...
News Story
4/12/2010
Posted by Consumer Watchdog
Mercury Insurance Group, the high-profile firm that has put up $3.5 million to back a ballot measure that consumer advocates say would raise insurance rates for some Californians, continues to violate state laws, has engaged in discriminatory practices and may have illegally overcharged thousands of consumers, according to a new report from the...
News Release
4/12/2010
Posted by Consumer Watchdog
Santa Monica, CA -- The California Department of Insurance (CDI) today said that Mercury Insurance Company, the sponsor of Proposition 17, has overcharged and discriminated against California customers for over fifteen years, including failing to deliver discounts required by state law and imposing unlawful surcharges. Consumer advocates said that...
News Story
4/12/2010
Posted by Consumer Watchdog
Insurer, a Prop 17. Backer, Alleges Bias SACRAMENTO — Less than two months before voters will be asked to decide on a controversial auto insurance initiative sponsored by Mercury Insurance, Insurance Commissioner Steve Poizner on Monday alleged the company “has disregarded California’s consumer protection statutes and overcharged...