Insurance

Berkeley’s Pact With BP for Research Institute Gives Company Favorable Terms on Intellectual Property

November 15, 2007  ·  Consumer Watchdog

<p class="source">The Chronicle of Higher Education</p> <p>One of those groups, the Foundation for Taxpayer and Consumer Rights, reiterated that criticism on Wednesday in a blistering news release that called the deal a sellout of the university's values and an insult to the California Board of Regents and the public. Because four of the eight seats on the governing board will be controlled by BP, the company can block proposed research from going forward, the foundation said in its release.</p>

Split views on Poizner pick;

November 15, 2007  ·  Consumer Watchdog

<h3>A lawyer whose firm has represented foes of Proposition 103 is named the insurance commission's counsel.</h3><p class="source">Los Angeles Times</p> <p>Harvey Rosenfield, who endorsed Poizner when he ran for insurance commissioner last year, said he was particularly troubled that Cole's appointment followed the naming earlier this year of former insurance industry lobbyist Bill Gausewitz as the commissioner's special legal counsel for policy issues. Rosenfield this month called on Poizner to fire Gausewitz. He contended that Gausewitz "covertly" helped insurers in a lawsuit they brought against the commissioner.</p>

Insurance chief picks new counsel

November 15, 2007  ·  Consumer Watchdog

<p class="source">San Jose Mercury News (California)</p> <p>Harvey Rosenfield, a leading consumer rights advocate and author of Proposition 103, said he's far from convinced that Cole's hiring settles the bias concerns. He said Poizner, a multimillionaire who refused insurance-industry donations during his campaign, has broken his promise to have a true consumer advocate among his senior staff. Noting that Cole represented businesses in claims against insurers, Rosenfield called Cole a "corporate lawyer" and said, "He's not a consumer advocate."</p>

After Fires, Homeowners Feel an Insurance Pinch

November 13, 2007  ·  Consumer Watchdog

<p class="source">The New York Times</p> <p>After past disasters, California state officials tried to raise homeowners' awareness of their coverage limits by requiring policies to be written clearly and with disclaimers about what is not covered. But several national studies suggest that many homeowners tend to underestimate risk and do not understand that their policies do not guarantee replacement of their homes. "Most Americans still think that full coverage means full coverage, but insurance companies know otherwise,'' said Douglas Heller, executive director of the Foundation for Taxpayer and Consumer Rights, an advocacy organization.</p>

Secrecy & Conflicts: Amid Success and Shortfalls, California’s Stem Cell Agency Reaches for Cures

November 11, 2007  ·  Consumer Watchdog

<p class="source">Sacramento Bee (California)</p> <p>For much of CIRM's life, John M. Simpson, stem cell project director for the nonprofit Foundation for Taxpayer and Consumer Rights in Santa Monica, has taken part in the institute's policy development. He has both praised and criticized the agency. "Now," he says, "they've got to get out of the entrepreneurial start-up mode, behave as the state agency they in fact are. That means a true commitment to openness and transparency in all deliberations, rather than grudging lip service and hiding behind the idea 'scientists know best.' After substantial accomplishments CIRM must settle in for the long haul. It's a marathon now, not a sprint."</p>

Price of oil seen as sign commodities bubble near;

November 11, 2007  ·  Consumer Watchdog

<h3>Run-up in price of oil is partly Fed's fault</h3><p class="source">The San Diego Union-Tribune</p> <p>As they did with the run-up in the stock market in the late 1990s and the housing market in the early 2000s, speculators are pumping money into the investment vehicle with the greatest growth potential. And for the time being, that appears to be oil. "Of course it's a bubble," said Judy Dugan, a specialist on oil issues at the Foundation for Taxpayer and Consumer Rights in Santa Monica. "Of course it's driven by speculators. It's insane for an economy our size to be held hostage by unregulated speculation."</p>

Group says Allstate overcharges California drivers;

November 5, 2007  ·  Consumer Watchdog

<h3>Nearly two million drivers affected</h3><p class="source">KGO-TV ABC-7 News - San Francisco, CA</p> <p>The Foundation for Taxpayer and Consumer Rights says Allstate's claims of potential financial hardship are not credible. "Last year in 2006 Allstate had net profits of $5 billion dollars. We should all have that kind of deep financial hardship," said attorney Daniel Zohar.</p>

Poizner urged to get rid of aide;

November 2, 2007  ·  Harvey Rosenfield

<h3>A key Department of Insurance attorney is accused of cozying up to the industry.</h3><p class="source">Los Angeles Times</p> <p>Consumer advocates called Thursday for state Insurance Commissioner Steve Poizner to fire one of his top aides "because he covertly assisted insurance companies in a lawsuit they brought against the commissioner." Harvey Rosenfield, a Santa Monica lawyer who wrote the landmark Proposition 103 insurance initiative, said that electronic mail messages obtained under the California Public Records Act show that Poizner's special legal counsel, Bill Gausewitz, colluded with the insurance industry in its effort to avoid paying $300,000 in legal fees.</p>

Consumer Group Demands That Insurance Commissioner Fire Attorney

November 2, 2007  ·  Consumer Watchdog

<p class="source">Associated Press</p> <p>The Foundation for Taxpayer and Consumer Rights said it obtained a series of e-mails showing that William Gausewitz secretly collaborated with insurers to file a declaration in court. It says the document supported the insurers' claim that court costs should be paid by the state, not them.</p>

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>