Insurance

California insurance chief again accused of favoring insurers;

November 2, 2007  ·  Harvey Rosenfield

<h3>CONSUMER GROUPS WANT POIZNER TO AX AIDE FOR HELPING IN SUIT</h3><p class="source">San Jose Mercury News (California)</p> <p>On Thursday, Harvey Rosenfield, a leading consumer rights advocate, called on Poizner to fire a top legal adviser whom Rosenfield said inappropriately aided auto insurers in a recent lawsuit. The aide, Bill Gausewitz, is a former longtime insurance industry lobbyist.</p>

Wildfires spotlight insurance issues;

November 1, 2007  ·  Consumer Watchdog

<h3>Some homeowners may find they don't have enough coverage</h3><p class="source">USA TODAY</p> <p>Most of the affected homeowners have yet to calculate the cost of rebuilding from the California wildfires. But regulators and consumer advocates worry that too many victims will lack adequate insurance to pay for the wreckage of the fire, which has destroyed about 2,200 homes. Whether homeowners have enough insurance is a "vital question" that will determine whether -- and how quickly -- they can rebuild, says Douglas Heller of the Foundation for Taxpayer & Consumer Rights.</p>

Insurers Seek to Tap Growing Ranks of Early Retirees Too Young for Medicare

October 31, 2007  ·  Consumer Watchdog

<p> This coverage push draws skepticism from consumer watchdogs who say insurers have a history of avoiding this age range (50 - 64) and the expensive claims for illnesses that often hit that group. "That is a market that needs to be served, partly because traditionally WellPoint won't serve them," said Jamie Court of the California-based Foundation for Taxpayer and Consumer Rights. </p>

Insurance claims adjusters determining payout for losses in Southern California

October 30, 2007  ·  Consumer Watchdog

<p class="source">CBS-TV Evening News (6:30 PM EST) </p> <p>BLACKSTONE: So even if the insurance companies had to pay one or even $2 billion for these fires, they'd still be making money.<br> Mr. DOUG HELLER (FTCR): Oh, yeah. There's plenty of money in the insurance companies' coffers here in California to cover these claims and still be walking away with several billion dollars in profits.</p>

California Wildfires; Insurance Controversy; Home Protection

October 27, 2007  ·  Consumer Watchdog

<p class="source">CNN-TV - Open House Program</p> <p>DOUGLAS HELLER, FOUNDATION FOR TAXPAYER & CONSUMER RIGHTS: The insurance industry is looking at American consumers sort of like they look at a casino. We just hit three blackjacks in a row, let's take our chips off the table and leave.</p>

Competing health insurance plans equally flawed

October 25, 2007  ·  Consumer Watchdog

<p> San Jose Mercury News (California) </p> <p> Why does Massachusetts matter? Because both the latest Schwarzenegger proposal, and the alternative favored by Assembly Speaker Fabian Núñez and some of his allies, repeat the mistakes of the Massachusetts law. Massachusetts officials admit 18 percent of the uninsured cannot afford insurance, notes a report by the Santa Monica-based Foundation for Taxpayer and Consumer Rights. As Ben Day, director of Mass-Care, a vocal critic of the law, points out, "many of those who supported it are now saying the law will never work." </p>

Insurance in a risky state: Coverage changed after Oakland blaze

October 25, 2007  ·  Consumer Watchdog

<p class="source">San Jose Mercury News (California)</p> <p>Consumer-rights advocate Carmen Balber warned that homeowners should be vigilant when it comes to properly insuring themselves against fire and other disasters. "The big concern is that consumers who've lost their homes this week don't get adequate payment to rebuild," she said. "That certainly became an issue after the '03 fires when a lot of homeowners thought they were insured for full replacement value of their home, only to find their policies had been whittled down over the years without them knowing it."</p>

IS YOUR HOME COVERED? – HOW TO KEEP CURRENT

October 25, 2007  ·  Consumer Watchdog

<p class="source">THE SAN FRANCISCO CHRONICLE (California)</p> <p>Poizner said he does not anticipate there will be requests for rate increases as a result of the fires and claims. Consumer watchdogs don't either, but only because they're high already. "Insurance companies have been jacking up rates for the last five years, not just in California but all over the country, in anticipation of this natural disaster," said Harvey Rosenfield, founder of Foundation for Taxpayer and Consumer Rights in Santa Monica. "It's the nature of their industry in collecting as much in premiums as they can and hold on to it to recoup the investment profit. The industry wants to pay out as little as possible and the policyholders want as much as possible. That's two competing tensions that always make for problems," said Rosenfield.</p>

SOUTHLAND BLAZES: HELP FOR HOMEOWNERS — Before smoke has cleared, insurers roll in;

October 25, 2007  ·  Consumer Watchdog

<h3>Mobile units set up in affected areas. A top state official predicts 'hundreds of millions of dollars' in damage.</h3><p class="source">Los Angeles Times</p> <p>The latest fires are just the sort of catastrophe that prompted third-ranked Allstate Corp. in May to stop writing new policies for homeowners. The insurer also is seeking a major rate increase for current policyholders, citing danger from fires. That could spell trouble for California homeowners "if other insurance companies choose to look at it like that," warned Douglas Heller of the Foundation for Taxpayer and Consumer Rights in Santa Monica.</p>

When health insurance dumps you;

October 25, 2007  ·  Consumer Watchdog

<h3>State works to protect consumers from having health coverage pulled</h3><p class="source">THE SAN FRANCISCO CHRONICLE (California)</p> <p>At least one consumer group is concerned the new regulations still leave too much power in the hands of insurers. "They leave it up to the plans to investigate, and the insurance company has a financial incentive to deny as many people as possible," said Jerry Flanagan, health advocate for the Foundation for Taxpayer and Consumer Rights in Santa Monica. He said he would like regulators to play a more active role in mediating rescission disputes.</p>

The Next Battle for Wildfire Victims: Insurance

October 23, 2007  ·  Consumer Watchdog

<h3>Consumers could get stiffed on reimbursement for razed homes, and even get dropped by their insurance companies, consumer advocates warn.</h3><p class="source">CNNMoney.com</p> <p>Experts like Doug Heller, executive director for Foundation for Taxpayer and Consumer Rights, worry about is how much money will be available when it comes time for customers to rebuild their homes. "That's the real concern for me at least," said Heller. "Will they actually fulfill their advertisements?" One of the biggest controversies erupted in 2003, when fires ravaged San Diego and San Bernardino counties. Consumers found themselves under-insured because their policy limits were not raised to reflect their home values, said Heller. That meant homeowners had to pay the difference. "I think there is a question as to whether insurance companies learned from 2003 and have made sure that policyholders have enough coverage," said Heller.</p>

What if the UC system lost state funding?

October 22, 2007  ·  Consumer Watchdog

<p class="source">San Jose Mercury News (California)</p> <p>"I see privatization happening right now," said John M. Simpson, consumer advocate for the Foundation for Taxpayer and Consumer Rights in Santa Monica. "It is wrong to have this fundamental shift in what the people in California have believed all these years without a public debate."</p>