All

News Release
4/22/2009
CONTACT CONTACT: Carmen Balber, (202) 629-3043; or Doug Heller, (310) 480-4170
State Insurance Regulation Kept Insurance Industry Safe While Federal Regulators Failed to Protect Financial Markets, Says Consumer Watchdog   Washington, D.C. -- A federal proposal to allow insurance companies to choose their regulator would free insurance companies from the local oversight of 50 states and the District of Columbia and roll...
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...
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...
News Release
3/17/2009
CONTACT CONTACT: Carmen Balber, 202-629-3043; or Doug Heller, 310-392-0522 ext. 309
Washington, D.C. -- Congress should reject any proposal that would deregulate insurance or otherwise override state insurance laws that have successfully protected consumers during the current economic crisis, said the nonprofit Consumer Watchdog today in advance of an insurance hearing in the U.S. Senate Committee on Banking, Housing and Urban...
Blog Post
3/5/2009
Posted by Carmen Balber
I spent the morning watching a House Financial Services subcommittee hearing into what a ‘systemic risk regulator’ of the financial markets might be and what that has to do with the insurance industry. Now, if you’ve ever been to consumerwatchdog.org, you know that insurance is regulated by the states, and that here in...
News Release
2/11/2009
CONTACT CONTACT: Carmen Balber, 202-629-3043; or Doug Heller, 310-392-0522, ext. 309
Consumer Group Calls Congress Members' Appeal A Stalking Horse for Federal Deregulation of Insurance Washington, D.C. -- Consumer advocates warned Treasury Secretary Timothy Geithner not to allow necessary reform of the financial markets become a launching pad for insurance industry efforts to federally deregulate insurance, in a letter sent today...
News Release
12/12/2008
CONTACT CONTACT: Doug Heller, 310-392-0522, ext. 309; or Carmen Balber, ext. 324
Changes By Poizner Earlier This Year Led to Rate Hikes And New Proposal Will Lead to Even Higher Rates for Individuals, Businesses   San Francisco, CA -- California Insurance Commissioner Steve Poizner has come under attack from consumer advocates for a proposal to deregulate insurance rates and allow insurance companies to raise rates on...
Blog Post
12/11/2008
Posted by Carmen Balber
I know that the insurance industry likes to operate in the dark. It took a voter revolt at the ballot box and 20 years fighting to implement Proposition 103 to force insurers to open their books to the public and justify rates in California. But this report by the industry information service, ISO, takes the cake. They counsel insurance companies...
News Release
11/21/2008
CONTACT CONTACT: Doug Heller, (310) 392-0522, ext. 309
Insurance Commissioner OKs State Farm, Farmers Increases Despite Consumer Group Challenge   Santa Monica, CA -- California Insurance Commissioner Steve Poizner has allowed two of California’s largest home insurers – State Farm and Farmers – to increase premiums by a combined $115 million.  State Farm customers will soon...
Blog Post
10/10/2008
Posted by Carmen Balber
I got a call to do an interview on a hometown radio show yesterday – WJR in Southeastern Michigan. They were wondering, as every American taxpayer has to be right about now, just what AIG executives were thinking when they paid $440,000 for a company junket to a luxury Orange County hotel – one week AFTER taxpayers bailed them out to...