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Blog Post
10/19/2010
Posted by Judy Dugan
In years past, a profit result like United HealthCare's 26% increase in the third quarter would spike the stock price. Not so on Tuesday, because investors are worried that insurance companies' profit rocket will slow down next year as health reform requirements kick in. That, in a nutshell, is why the insurance industry is spending tens of...
News Release
10/19/2010
CONTACT CONTACT: Douglas Heller, 310-392-0522 ext. 309
$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...
Blog Post
10/15/2010
Posted by Doug Heller
Consumer Watchdog has called on California's two large public employee pension funds -- CalPERS and CalSTRS -- to sell off their holdings in Valero Energy and Tesoro, the big oil refiners behind Prop 23.  The two companies have gouged California drivers for years.  Consumer Watchdog writes in a letter to the board members of the pension...
Blog Post
10/15/2010
Posted by Jamie Court
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...
Blog Post
10/13/2010
Posted by Jamie Court
If you walk through the heart of Times Square today and look up at the 520 sq. ft. CBS superscreen on 42nd St., you're going to be introduced to the largest oil company you've never heard of: Koch Industries. Consumer Watchdog is running a 30 second commercial parodying a Coca Cola advertisement on a Times Square superscreen that challenges Koch (...
News Release
10/13/2010
CONTACT CONTACT: Doug Heller, 310-392-0522, ext. 309
$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
10/13/2010
CONTACT CONTACT: Jamie Court, (310) 392-0075, or jamie@consumerwatchdog.org
New York, NY -- A national consumer group is running a 30 second commercial on a Times Square Superscreen that challenges Koch Industries, "the largest oil company you've never heard of," for its record of environmental degradation, political influence, Tea Party funding and climate change denial. The parody of a Coca Cola commercial...
News Release
10/12/2010
CONTACT CONTACT: Judy Dugan, 310-392-7051 or 213-280-0175; or Doug Heller, 310-392-0708
Top Prop 23 Funder Doesn’t Want Greentech Competition To Get in Way of Profiteering Santa Monica, CA – A new report by Consumer Watchdog's OilWatchdog.org project finds that Valero Energy reaped over $4.5 billion in refining profit while gouging California motorists since it bought its second California refinery in 2002. The oil...
Blog Post
10/11/2010
Posted by Judy Dugan
The passage of a law means nothing to the lobbying industry. It only means refocusing on regulators, and if that fails, changing the law that was passed. Lobbyists for health insurance brokers are in the middle stage: demanding that the White House protect their big sales commissions--up to 20s on each policy-- by crippling a key part of the law....
Blog Post
10/8/2010
Posted by John M. Simpson
Support for Do Not Track Me legislation is growing in Washington with the chairman of the Federal Trade Commission telling ABC's Good Morning America on Friday that "one of the things we are thinking about is a Do Not Track List." The idea is to allow consumers to opt out of having their Web activities tracked by companies wanting to to...