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News Release
10/13/2010
CONTACT CONTACT: Doug Heller, 310-392-0522, ext. 309
$1.2 Million In Insurance Industry Donations In Past Two Weeks to Chamber PAC Running Ads Against Dave Jones Santa Monica, CA – For the second time in two weeks, insurance industry giants have made major contributions to a political action committee campaigning to defeat insurance commissioner candidate Dave Jones and elect Mike Villines,...
News Release
10/6/2010
CONTACT CONTACT: Doug Heller, 310-392-0522, ext. 309
Candidate Mike Villines Has Taken $66,950 From Insurance Companies Despite Pledge Not to Take Industry Cash Santa Monica, CA – Mercury Insurance Chairman George Joseph and Progressive Insurance have deposited three hundred fifteen thousand dollars in a political action committee that has begun an advertising campaign attacking insurance...
News Release
6/14/2010
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
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
5/11/2010
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
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...
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
2/1/2010
CONTACT CONTACT: Douglas Heller, 310-392-0522 ext. 309
Consumer Watchdog Calls on Commissioner Poizner to Protect 230,000 California Homeowners from Safeco's Greed   Santa Monica, CA – Consumer Watchdog has asked the California Department of Insurance to reject the proposed 6.9%, or $13.3 million, homeowners insurance rate hike proposed by Safeco Insurance Company.  Safeco, which is...
News Release
1/4/2010
CONTACT CONTACT: Pam Pressley, (310) 392-0522, ext. 307; or Harvey Rosenfield, ext. 303
Consumer Watchdog, Dep't of Insurance Win Victory to Protect Prop 103, Save Policyholders Billions Santa Monica, CA – The California Court of Appeal has rejected an attempt by the insurance industry to cripple the right of the public, under Proposition 103, to scrutinize and challenge unjustified rate increases.  The Court agreed with...