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News Release
7/30/2009
CONTACT CONTACT: Harvey Rosenfield, (310) 392-0522 ext. 303; or Doug Heller, ext. 309
Fine Print Contains Hidden Penalties, Taxpayer Costs   Santa Monica, CA -- The billionaire chairman of Los Angeles-based Mercury Insurance Company is sponsoring a ballot measure that would legalize surcharges of hundreds of dollars for automobile insurance, penalize good drivers for accidents that are not their fault, and lead to more...
News Release
7/17/2009
CONTACT CONTACT: Todd Foreman, (310) 392-0522, ext. 308; or Doug Heller, ext. 309
Group Urges California Assemblywoman Hayashi To Protect 2003 Anti-Steering Law   Santa Monica, CA -- Consumer Watchdog is urging Assemblywoman Mary Hayashi (D-Hayward) to amend her proposal (AB 1200) that seeks to undo a current California law prohibiting insurance companies from pushing, or "steering," customers to auto body shops...
News Release
6/26/2009
CONTACT CONTACT: Carmen Balber, (202) 629-3043
Washington, D.C. -- Insurance policyholders whose legitimate insurance claims were low-balled, delayed or denied by their insurance companies testified before the D.C. Council yesterday in support of legislation that would allow consumers to hold their insurer accountable in court.   Consumer Watchdog joined policyholders, advocacy...
News Release
5/14/2009
CONTACT CONTACT: Doug Heller, 310-392-0522, ext. 309; or Carmen Balber, 202-629-3043
Auto, Home and Other Insurers Pushing Deregulation Proposal To Opt Out of State Rate Regulation, Consumer Protections Washington, D.C. -- Auto, home, business and life insurance companies contributed $35,743,017 million to members of Congress during the last two election cycles, according to an analysis released today by the nonprofit,...
Blog Post
4/28/2009
Posted by Jamie Court
Today, Consumer Watchdog will be in Sacramento to stop Mercury Insurance's latest assault on insurance reform Proposition 103 -- legislation that precludes California's insurance commissioner and judges from ordering insurers to issue refunds if rate increase requests filed with the Department of Insurance later prove to be unfair or excessive....
Blog Post
4/17/2009
Posted by Carmen Balber
Here's a small but important example of the kind of state consumer protection that the insurance industry and its allies want to escape by taking insurance regulation away from the states. The Maryland Insurance Administration completed an investigation into auto insurer claims-handling practices this week and found that 67 companies had broken...
News Release
4/16/2009
CONTACT CONTACT: Carmen Balber, (202) 629-3043; or Doug Heller, (310) 392-0522 x309
Allstate Wants Back the $500 Million Consumers Saved Under California State Insurance Regulation   Washington, D.C. -- Consumer advocates observed today that Allstate Insurance Company wants to take insurance regulation away from the states, as argued today by CEO Tom Davis in a New York Times opinion piece, because state regulators have...
Blog Post
4/3/2009
Posted by Carmen Balber
If there’s one thing the AIG debacle shouldn’t teach us, it’s to let companies choose their own regulator.  But that’s the plan that’s been tossed out by the insurance industry and its allies. Two members of Congress put made it official in a bill introduced yesterday that would allow insurance companies to avoid...
News Release
3/31/2009
CONTACT CONTACT: Doug Heller, (310) 392-0522, ext. 309
"Pick Your Own Regulator" Plan Would Dismantle State Consumer Protections   Santa Monica, CA -- Treasury Secretary Timothy Geithner's apparent support for a proposal to allow insurance companies to opt out of state regulation and choose, instead, federal oversight caused alarm among consumer advocates. The so-called "optional...
Blog Post
3/20/2009
Posted by Jamie Court
The president talked and joked easily with America from Jay Leno's couch last night, as close to a fire side chat as it gets in these times. Leno is no Jon Stewart and largely gave the president the floor. Still Obama spent most of his time on AIG and the financial crisis, suggesting that his future approach to regulation might be in line with a...