Insurance

Sarbanes-Oxley Trumped In One State

January 30, 2003  ·  Consumer Watchdog

<p class="source">The American Banker</p> <p>Under a law that took effect this month, public companies based in California or doing business there have to give the state extra layers of detail on insider activity.</p>

REIMBURSEMENT OF LEGAL COSTS

January 30, 2003  ·  Consumer Watchdog

<!-- excerpt --><p>You can get your attorneys fees and expenses paid by the insurance companies, the Department of Insurance and/or the courts under certain circumstances.</p>

Intervenor Compensation: Section 1861.10(a) of Proposition 103

January 30, 2003  ·  Consumer Watchdog

<h3>Requires insurance companies to pay consumers' legal fees & expenses under certain circumstances. Insurers are attacking this provision of the law. (Feb.'98)</h3> <p>The Insurance Industry and Insurance Commissioner Chuck Quackenbush have recently leveled a series of attacks on the right of citizens and non-profit consumer protection organizations to defend Proposition 103 in the courts and to make sure that the initi</p>

Petition by FTCR asking the CA Insurance Commissioner to write regulations

January 29, 2003  ·  Consumer Watchdog

<h3>preventing insurers from surcharging previously uninsured motorists in violation of Sec.1861.02 of Prop.103 ("no prior insurance")(5/4/01)</h3>

Testimony of FTCR Attorney Pam Pressley before CA Department of Insurance

January 29, 2003  ·  Pam Pressley

<h3>concerning violations of "no prior" law and proposed regulations governing "persistency" discounts (2/28/02)</h3>

STATE OF THE UNION: AHL ROUNDS UP REACTIONS

January 29, 2003  ·  Consumer Watchdog

<p class="source">American Health Line</p> <p>Bush's anticipated proposal to privatize Medicare by "driving seniors to low-quality HMOs" in order to receive a prescription drug benefit will undermine access to basic health care services, says FTCR.</p>

4/1/01 Study by Russell & Jaffee concluding Prop. 103 benefited consumers by lowering rates, etc.

January 28, 2003  ·  Consumer Watchdog

<p class="source">Russell & Jaffee</p>

CA Insurance Commissioner’s 1/7/91 Announcement Imposing Rate Freeze on Insurance Companies

January 28, 2003  ·  Consumer Watchdog

<p class="source">CA Dept. of Insurance</p>

LA Times Article 10/18/90 Quoting LA Dist. Atty. on how Prop. 103 has forced Insurance Companies to fight fraud for the first time.

January 28, 2003  ·  Consumer Watchdog

<p class="source">Los Angeles Times</p>

CA Insurance Commissioner’s 10/16/91 Announcement Ordering the 14 Largest Insurance Companies in CA to Pay Rollbacks totaling $1.57 Billion

January 28, 2003  ·  Consumer Watchdog

<p class="source">CA Dept. of Insurance</p>

CA Insurance Commissioner’s 8/15/91 Announcement of Rollback Regulations Capping Profits, Expenses, etc.

January 28, 2003  ·  Consumer Watchdog

<p class="source">CA Dept. of Insurance</p>

NO PRIOR INSURANCE RULE

January 28, 2003  ·  Consumer Watchdog

<!-- excerpt -->