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News Release
5/20/2010
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
5/5/2010
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
5/5/2010
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...
Feature
4/27/2010
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
4/20/2010
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...
Blog Post
4/16/2010
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...
News Release
4/15/2010
CONTACT CONTACT: Jerry Flanagan, 310-889-4912; or Carmen Balber, 202-629-3043
U.S. Senate Report Finds That Insurers Re-Label Overhead, Administrative Costs as “Medical Care” to Meet New Law’s Requirement to Cut Overhead Washington, D.C. -- In advance of rules being written by the Obama Administration, health insurers are new health reform law by simply re-labeling administrative costs as "medical...
Blog Post
4/14/2010
Posted by Carmen Balber
President Obama is meeting with Congressional leaders right now about Wall Street reform. He should use this week's revelations about the depth of existing bank regulators’ failure to crack down on a Washington Mutual business model built on predatory consumer lending to urge lawmakers to commit to an independent consumer financial regulator...
News Release
4/12/2010
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...
News Release
4/8/2010
CONTACT CONTACT: Jerry Flanagan, 310-889-4912; Carmen Balber, 202-629-3043
Washington, DC -- Consumer Watchdog called on President Obama and Congress in a letter sent today to fix ten problem areas in the new federal health reform law that, if not addressed, will be exploited by health insurers and drug companies looking to charge more for less health care.   Download the letter here: http://www.ConsumerWatchdog.org...