Insurance

Calif Regulator: Malpractice Insurance Too Pricey

February 17, 2011  ·  Mark Reback

<p> LOS ANGELES, CA -- Medical malpractice insurance rates might be too high because some insurers are spending as little as 2 or 3 percent of premiums to pay out claims, according to the California Department of Insurance.<br /> <br /> Insurance Commissioner Dave Jones said in a statement Thursday that insurers should reduce rates paid by doctors, surgeons, clinics and health providers while his staff scrutinizes the numbers.<br /> <br />

Chevron Ecuador Judgment: A Long Way From Paid

February 15, 2011  ·  Judy Dugan

<p> <img class=" size-full wp-image-1971" alt="" class="right" src="https://consumerwatchdog.org/wp-content/uploads/2011/02/images_chevron_oil_refinery_pembrokeshire_0.jpg" style="width: 200px; height: 200px; " width="651" height="651" />An Ecuadorean judge's <a href="http://www.nytimes.com/2011/02/15/world/americas/15ecuador.html">ruling Monday </a>that Chevron owes $8.8 billion for oil-drilling damage and pollution in the Amazon is far less than asked. But it's far more than Chevron intends to pay--which is zero, except for the tens of millions of dollars or more the oil giant is shelling out to its army of lawyers.</p>

Our Revolution

February 15, 2011  ·  Jamie Court

<p> <img class=" size-full wp-image-1973" alt="" class="right" src="https://consumerwatchdog.org/wp-content/uploads/2011/02/egypt-celebration-in-tahrir-square-021.jpg" style="width: 250px; height: 163px;" width="781" height="510" />The largely peaceful revolution in Cairo and Americans’ celebration of it raises the question:<br /> <br /> <em>What would it take to mount a peaceful revolution in America against the Wall Street and corporate powerhouses that have turned the government against the best interests of our people?</em><br /> <br />

Google Helps Mortgage Scammers Con Needy Homeowners, Study Finds

February 10, 2011  ·  Mark Reback

<p> <strong>Public advocacy group Consumer Watchdog says Google ads are helping mortgage relief fraudsters trick desperate homeowners, and has contacted the FTC to help make them stop.</strong></p>

Alternatives To Mandating Insurance? Maybe

February 7, 2011  ·  Mark Reback

<p> <a href="http://www.npr.org/player/v2/mediaPlayer.html?action=1&t=1&islist=false&id=1 33503755&m=133584003">Click here to listen to the podcast of this broadcast</a>.</p> <p> Both supporters and opponents of the health care law routinely refer to the requirement that most people get health insurance or pay a penalty as the measure's "linchpin." But is it? Not everyone thinks so.</p>

Judge Grants Farmers Customer the Right to Challenge Class Action Settlement

February 5, 2011  ·  Consumer Watchdog

<p> <img class=" size-full wp-image-1969" alt="" class="right" src="https://consumerwatchdog.org/wp-content/uploads/2011/02/farmerslogo_0.gif" style="width: 225px; height: 121px;" width="600" height="323" />Over the objections of the insurance companies and attorneys for the plaintiffs, Superior Court Judge William F. Highberger granted a Farmers customer’s request to intervene in <i>Fogel v. Farmers Group, Inc.</i> and postponed the preliminary class action settlement approval hearing until March 2, 2011.</p> <p> Consumer Watchdog's lawyers, who represent a former Farmers policyholder, argued that the terms of the settlement are unfair to customers.</p>

Insurance Commissioner Can’t Stop Premium Increases

February 2, 2011  ·  Mark Reback

<p> <a href="http://www.pe.com/localnews/stories/PE_News_Local_D_insurance03.2388b1b.html">Click here to listen to the podcast of this story</a>.</p> <p> Clamor over an insurance company's decision to increase premiums by as much as 59 percent could lead California lawmakers to consider pre-approving such increases.</p>

3 Insurers Agree To Delay Calif Rate Increases

January 28, 2011  ·  Mark Reback

<p> SACRAMENTO Calif. -- Customers of three California health insurers will get some breathing room after the companies agreed Thursday to delay rate increases for 60 days, isolating Blue Shield of California as the lone holdout.<br /> <br /> Anthem Blue Cross, Aetna and PacifiCare agreed to the delay to give the state Department of Insurance time to examine their recent rate filings, Insurance Commissioner Dave Jones said.<br /> <br />

Court Rules That Consumers Can Sue Manufacturers Over Misleading Claims

January 28, 2011  ·  Mark Reback

<p> <b>The decision resolves a battle between consumers and business over the scope of Proposition 64, a 2004 measure intended to reduce 'shakedown' suits.</b><br /> <br /> Consumers who buy a product as a result of misleading advertising can sue the manufacturer even if the product was not defective, the California Supreme Court decided in a 5-2 ruling Thursday.<br /> <br /> Advocates of limiting lawsuits lambasted the ruling and warned that it might lead to clogging of the courts at a time when court funding is being cut.<br /> <br />

3 Health Insurers Agree to California Commissioner’s Request to Delay Rate Hikes

January 28, 2011  ·  Mark Reback

<p> Hundreds of thousands of Californians won at least a temporary reprieve from escalating health premiums Thursday when three of the state's largest insurers agreed to delay rate hikes.<br /> <br /> But the company that launched the latest round of headlines about escalating rates, Blue Shield, stood by its decision to go forward with a March 1 increase that will raise rates on nearly 200,000 individual policyholders, some by as much as 59 percent.<br /> <br />

Blue Shield Is Now Black Sheep Among Insurers In Not Delaying Rate Increases

January 28, 2011  ·  Jamie Court

<p> California Insurance Commissioner Dave Jones may have just assured Blue Shield its place as the worst health insurance company in America. He's gotten every other health insurance company in California to <a href="http://www.sacbee.com/2011/01/27/3359061/3-insurers-to-delay-rate-hikes.html">hold off on rate increases</a>.</p>

How To Weaken Health Reform: Regulators Have Little Power Over Health Insurance Rate Increases

January 26, 2011  ·  Mark Reback

<p> <b>The healthcare law lets the Department of Health and Human Services set standards as to what constitutes an 'unreasonable' increase. But it doesn't give regulators any new powers to reject a proposed increase before it's implemented.</b></p>