Blog Post
Posted by Jamie Court
When Anthem Blue Cross announced its controversial premium increases in California recently, the insurer claimed, "a carrier must be able to receive actuarially sound rates." So it is remarkable that "progressive" San Francisco State Senator Mark Leno, a single payer health care advocate, recently introduced eleventh hour...
News Release
CONTACT CONTACT: Jamie Court, (310) 392-0075; or Jerry Flanagan, (310) 392-0522, ext 319
Actuarial Soundness” Defense Protects Insurers At Expense of Rate Regulation, Consumer Watchdog Says Los Angeles, CA -- Anthem Blue Cross’s defense of its recent controversial premium increases will be codified in law under eleventh hour legislation by San Francisco State Senator Mark Leno, SB 1163, just as the California legislature...
Legal Update
Posted by Todd Foreman
In August 2008, Liberty Mutual Insurance Company submitted applications to the California Department of Insurance for a rate increase of 4% and revisions to its auto rating factor plan (that’s the plan an insurer uses to distribute rates among its different policyholders, for example, charging less to someone who drives 5,000 miles versus...
Blog Post
Posted by Carmen Balber
Life insurers are facing broad criticism for profiting from the death benefits of soldiers and other life insurance policyholders even after a claim is supposed to be paid.  Insurers are using so-called "retained benefit accounts" to hold onto payments they owe to families of deceased policyholders. They deposit the funds in insurer...
News Release
CONTACT CONTACT: Naomi Seligman 310-617-4577; or Doug Heller, 310-392-0522 ext. 309
Program Provides Economic Opportunity in Tough Times, With No Taxpayer Cost   Santa Monica, CA – California lawmakers gave final approval Wednesday to legislation strengthening and extending the innovative “Low Cost Auto Insurance Program” that offers an affordable bare bones car insurance policy to low-income motorists...
News Release
CONTACT CONTACT: Carmen Balber, 202-629-3043; or Judy Dugan, 310-392-0522 ext. 305
$1 Million Grant Would Bolster Industry-favored Schwarzenegger Plan, Help Kill Actual Regulation of Insurance Companies Washington, DC -- Consumer Watchdog today asked Health and Human Services Secretary Kathleen Sebelius to reject Gov. Arnold Schwarzenegger’s request for a $1 million grant under the new health reform law. The grants are...
News Release
CONTACT CONTACT: Judy Dugan, 213-280-0175 (cell); or Carmen Balber, 202-629-3043
If Californians Have to Buy Health Insurance, Insurers Have to Be Regulated, Says Watchdog’s Letter to Gov. Santa Monica, CA -- Consumer Watchdog has called on Gov. Arnold Schwarzenegger to withdraw weak pseudo-reforms of the health insurance industry that would bar strong regulation of health insurers. Schwarzenegger sent his proposals this...
News Release
CONTACT CONTACT: Judy Dugan 213-280-0175 (cell); or Jamie Court, 310-874-9989
Consumer Watchdog Says Average 15% Rate Could Still be Excessive Under Proposed ‘Prior Review’ Rate Regulations Santa Monica, CA -- Anthem Blue Cross of California, under fire for substantial math errors in its proposed health premium increases averaging 25%, has made the minimum possible reduction in reissuing its proposed increases,...
News Release
CONTACT CONTACT: Carmen Balber, (202) 629-3043
Washington, D.C. --- The financial reform bill will deregulate state insurance oversight by allowing the Treasury Department to use a new national insurance office to overturn a broad range of state protections, including solvency rules, if the legislation is not amended, warned Consumer Watchdog today. The House-Senate Conference Committee meets...
News Release
CONTACT CONTACT: Doug Heller, 310.392.0522 x309; or Naomi Seligman, 310.392.0522 x318
Stunning Upset in $16 Million Campaign to Scam California Drivers   Santa Monica, CA - Ignoring a deceptive $16 million campaign by Mercury Insurance Company, California voters rejected a ballot measure that would have amended 1988 insurance reform Proposition 103 to allow insurance companies to impose surcharges on motorists who were not...