News Release
CONTACT CONTACT: Doug Heller, 310-392-0522, x309; or Naomi Seligman, x318
Desperate Mercury Insurance Dumps Another Million into $16 Million Campaign and Distributes Last Minute Mailer from Phony “Consumer Coalition” Santa Monica, CA — Facing a surge of voter opposition in the last few days of its campaign for Proposition 17, sponsor Mercury Insurance injected another $1 million dollars into its...
Blog Post
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...
News Release
CONTACT CONTACT: Carmen Balber (202) 629-3043; or cell (310) 403-0284
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 Release
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...
News Release
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...
News Release
CONTACT CONTACT: Carmen Balber, (202) 629-3043, or cell (310) 403-0284
Current Senate Bill Allows Treasury to Preempt State Insurance Laws, Including Capital and Solvency Protections   Washington, D.C. -- Financial reform legislation must be amended to preserve states’ ability to protect insurance consumers and bring the bill in line with White House comments yesterday targeting potential industry...
News Release
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...
Carmen Balber
UPDATE: The Wall Street filibuster of financial reform was broken Wednesday night. Now the Senate moves to a full and open floor debate - where the public will expect Senators to take a stand against bank lobbyists' efforts to weaken reform. Consumer Watchdog has called for a full and open debate on the Senate floor on financial reform. That means...
News Release
CONTACT CONTACT: Jerry Flanagan, 310-889-4912; or Judy Dugan, 310-392-0522, ext. 305
Feinstein Bill Would Close 'Enormous Hole' In Health Reform But Must Be Amended to Cut Industry Influence, Said Consumer Watchdog Washington, D.C. -- A health reform fix-it bill by Senator Dianne Feinstein that was debated in a Senate committee this morning aims at closing what Feinstein called an "enormous loophole" in the new federal...