Posted by Jamie Court
During my two decades battling in California's ballot initiative process never before have large corporations been poised to gain so much so cleverly as in next Tuesday's election. Industries have long tried to lard ballots with outright power grabs and voters have sent them packing. What Tuesday's ballot represents is new stealth strikes by...
Another Prop 17 Deception Uncovered: Mercury Trying To Raise Rates Even As It Promises Prop 17 Discounts
CONTACT CONTACT: Doug Heller, 310-392-0708; or 310-526-0747
Mercury Asking Dep’t of Insurance for $32 Million Rate Hike On Its Car Insurance Policyholders; Company Would Recoup All Its Money From $10 Million Prop 17 Campaign If Rate Hike is Approved Santa Monica, CA -- Mercury Insurance, the sponsor of Prop 17, is pushing regulators to allow a $32 million rate increase for California drivers insured...
Consumer Watchdog Urges SEC to Investigate Undisclosed Nepotism At Mercury Insurance - Chief Actuary Is CEO's Nephew
CONTACT CONTACT: Naomi Seligman, 310-526-0747; or Jamie Court, 310-392-0075
Santa Monica, CA – Mercury General Corp. has failed to fully disclose family ties within the company in possible violation of federal law and its own internal policies, Consumer Watchdog wrote to the Securities and Exchange Commission today. The company did not tell investors that the chief actuary -- responsible for financial...
Consumer Watchdog Calls For Tough Questioning Of Former SEC Chair Christopher Cox On Conflicts As He Swings Back Through the Revolving Door for FCIC Hearing
CONTACT CONTACT: Naomi Seligman, 310-392-0522, ext. 318; or Carmen Balber, 202-629-3043
Washington, D.C. -- Consumer Watchdog today called upon the Financial Crisis Inquiry Commission to question former Securities and Exchanges Commission (SEC) Chairman Christopher Cox about his revolving door conflicts as he testifies today. The nonpartisan consumer group opposed US Senate confirmation of Cox as SEC Chairman based on his...
Mercury Insurance Company Misleads Its Policyholders in Prop. 17 Letter Obtained by Consumer Watchdog
CONTACT CONTACT: Naomi Seligman, 310-392-0522, ext. 318; or Harvey Rosenfield, ext. 303
3rd Largest Auto Insurer Doesn’t Plan On Telling Customers They Could Face Price Hikes Santa Monica, CA –A letter Mercury Insurance Company apparently intends to send to its policyholders this week urging them to support Proposition 17 fails to disclose that its customers could be forced to pay enormous surcharges if the initiative...
CONTACT CONTACT: John M. Simpson, cell: 310-292-1902, or 202-629-3064
WASHINGTON, D.C. — Google increased its lobbying spending in the first quarter by a whopping 57 percent over the previous year as it paid $1.3 million to influence lawmakers and regulators, according to public records filed today. “Google is relatively new to the influence-peddling game, but they’re now one of the highest rollers...
Posted by Carmen Balber
Senate Republican Leader Mitch McConnell was asked directly if his strident opposition to financial reform was because he is acting on behalf of big banks. His ringing denial? “I’d say that’s inaccurate.” Really Mitch? Politicians are usually at their loudest and most passionate when denying charges of corruption. The best...
CA Regulator Reports Proposition 17 Sponsor Mercury Insurance Overcharged and Discriminated Against Drivers for 15 Years, Failed To Give Discounts Owed
CONTACT CONTACT: Naomi Seligman, 310-392-0522, ext. 318, or Harvey Rosenfield, ext. 303
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...
Consumer Watchdog Asks State Political Watchdog To Compel Chamber To Disclose Donors To Anti-Brown Advertising
CONTACT CONTACT: Naomi Seligman, 310-392-0522, ext. 318; or Jamie Court, ext. 327
Los Angeles, CA -- Consumer Watchdog has filed a complaint with the state’s political watchdog calling for disclosure of the donors behind the Chamber of Commerce’s recent anti-Jerry Brown advertising. The letter can be found here: http://www.consumerwatchdog.org/resources/LTR_FPPC_CoC4710.pdf “The Chamber of Commerce is...
Posted by Carmen Balber
Pay to play policymaking is rarely spelled out as clearly in public as it was in a just-released fundraising email sent to financial industry lobbyists on behalf of Senator Corker, a key Republican negotiator on finanicial reform. As reported in Politico: Sen. Bob Corker’s reelection campaign offered donors a chance to have a meal with the...