Senate Fix Needed to Meet White House Promise That Financial Reform Won't Weaken State Insurance Regulation
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...
Mercury Insurance Company Misleads Its Policyholders in Prop. 17 Letter Obtained by Consumer Watchdog
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...
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...
CA Regulator Reports Proposition 17 Sponsor Mercury Insurance Overcharged and Discriminated Against Drivers for 15 Years, Failed To Give Discounts Owed
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...
Massachusetts Rejects Excessive and Unreasonable Health Insurance Rate Hikes; Shows Need for Regulation to Fill Cost Control Void in Federal Health Reform
CONTACT CONTACT: Jerry Flanagan, 310-889-4912; or Carmen Balber, 202-629-3043
Washington, D.C. -- Consumer Watchdog said Massachusetts' rejection today of excessive and unreasonable health insurance rate increases shows the need for effective "prior approval" rate regulation in every state to ensure that health insurers charge fair prices under national health reform legislation, which is modeled on Massachusetts...
CA Court of Appeal: Prop 17 Backer Mercury Insurance "Intentionally Dishonest," Behavior Was "Despicable" In Handling of Small Business Insurance Claim
CONTACT CONTACT: Doug Heller, 310-392-0522, ext. 309
Advocates Say “Intentionally Dishonest” Is Par for the Course for Prop 17 Sponsor Mercury (Cross-posted from StopProp17.org, sponsored by Campaign for Consumer Rights.) Santa Monica, CA – Mercury Insurance’s treatment of its policyholder Amerigraphics, a printing and graphics business in of Sherman Oaks, California...
CA Health Premium Regulation Bill Passes Key Committee: Would Fill Cost Control Void in Federal Reform
CONTACT CONTACT: Jerry Flanagan, (310) 889-4912 - cell
Jones/Feuer Legislation Addresses Blue Cross 39% Rate Increase, Would Require Insurers to Get "Prior Approval” Sacramento, CA – A crucially needed bill to control health insurance premiums through rate regulation passed its first test with majority approval today by the Health Committee of the California Assembly, after Consumer...
Consumer Advocate Challenges Insurance Executive Behind Prop 17 to Debate Initiative at Legislative Hearing
CONTACT CONTACT: Naomi Seligman, 310.392.0522, ext. 318; or Doug Heller, ext. 309
Harvey Rosenfield to Mercury Insurance Chairman: Put Your Mouth Where Your Money Is Santa Monica, CA — The founder of Consumer Watchdog today challenged George Joseph, the founder and chair of Mercury Insurance, to show up to a legislative hearing in Sacramento to publicly defend his ballot initiative, Proposition 17. Prop 17, which would...
Revisions to Health Care Reform Must Include Rate Freeze, Rate Regulation and States' Rights Provisions, Says Consumer Watchdog
CONTACT CONTACT: Jerry Flanagan, (310) 889-4912; or Judy Dugan, (310) 392-0522, ext. 305
Insurers Would Get Tens of Millions of New Customers Under Reform, and Owe Americans a Break from Audacious Rate Spikes By Anthem Blue Cross and Others Washington, DC -- Consumer Watchdog called on President Obama to impose a national freeze on health insurance rates before health reform takes effect to protect consumers from premium hikes like...
Posted by Jamie Court
California Attorney General Jerry Brown has issued his final ballot label for Proposition 17, the Mercury Insurance-financed ballot measure to surcharge those with lapses in auto insurance coverage. Brown got the ballot label right this time, acknowledging Prop 17 allowed insurers to increase premiums, as well as lower prices, based on...