Consumer Watchdog

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Consumer Watchdog

Insurance

Insurance news, investigations, and reform — auto, home, and health insurance rates, claims denials, and industry accountability.
Temperature rising: Kaiser’s income soars;

Temperature rising: Kaiser’s income soars;

<h3>2003 revenue up despite membership drop</h3><p class="source">Alameda Times-Star (Alameda, CA)</p> <p>"I'm flabbergasted that a nonprofit could make this kind of money," said Jamie Court, president of FTCR. "For a nonprofit like Kaiser to have almost $1 billion left over is a tribute to the fact that there is no premium regulation."</p>
Allstate Settles Over Use of Credit Scores

Allstate Settles Over Use of Credit Scores

<p class="source">Los Angeles Times</p> <p>The $3-million fine is "a significant warning shot" because "it's important for the insurance industry to realize that it will be punished if it crosses the line on credit scoring," said Doug Heller, executive director of FTCR.</p>
State Farm fight 3 years long, with no end in sight

State Farm fight 3 years long, with no end in sight

<p class="source">The Houston Chronicle</p> <p>"Insurers get to hold the money and reap the investment rewards," said Doug Heller, of California-based FTCR. "The insurance company may have the resources to fight it out, but what's the low-income policyholder going to do?"</p>
Senator blasts colleagues

Senator blasts colleagues

<p class="source">Contra Costa Times (California)</p> <p>The inquiry on Senator Don Perata was spurred by a letter from the Santa Monica-based FTCR. The consumer advocacy group said it was concerned Perata may have used the affiliation to launder money and enrich himself.</p>
A Remedy for Shakedowns

A Remedy for Shakedowns

<p class="source">The Los Angeles Times</p> <p>Chamber of Commerce President Allan Zaremberg maintains that the initiative would "stop these shakedown lawsuits before they happen." Yes, but like the Pacheco bill, it would make it very difficult for citizens, businesses & consumer groups to file justif</p>
Johnson puts starpower behind debtless ‘Magic’ money cards

Johnson puts starpower behind debtless ‘Magic’ money cards

<p class="source">San Bernardino Sun (California)</p> <p>With many underserved communities dependent on check-cashing stores for their banking needs, prepaid debit cards are a viable alternative, according to Harvey Rosenfield, with the Santa Monica-based Foundation For Taxpayer & Consumer Rights.</p>
Bill would make it easier to drop policyholders

Bill would make it easier to drop policyholders

<p class="source">Charleston Gazette (West Virginia)</p> <p>Insurance rates could actually increase if the bill passes, said Doug Heller, a consumer advocate with FTCR. "If insurance companies can freely kick people off the rolls, they will do that when times get tight, then sign people up again at higher prices."</p>
The Arnold Index

The Arnold Index

<font face="verdana,sans-serif" size="2">On Meet the Press yesterday, Arnold advised President Bush about giving and getting in politics: "You know, what you would do for them, they will do back for you."<br/> <br/> For...</font>
Arnold’s first 100 days win praise;

Arnold’s first 100 days win praise;

<h3>4 goals complete, others under way</h3><p class="source">The Daily News of Los Angeles</p> <p>"Schwarzenegger has been fund raising even faster than Gov. Gray Davis, the person who wrote the book on cash-register politics," said Jerry Flanagan, a consumer advocate at the Foundation for Taxpayer and Consumer Rights.</p>