Consumer Watchdog

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Consumer Watchdog

Insurance

PEACE OF MIND COSTS MORE;

PEACE OF MIND COSTS MORE;

<h3>INSURANCE PREMIUMS RISE AT RECORD RATE TO COVER HUGE PAYOUTS</h3><p class="source">The Daily Press</p> <p>Homeowners in Virginia are experiencing the steepest increases ever in insurance rates. After years of small incremental increases, the insurance industry has embarked on a new strategy to stay profitable, and that means insured customers are paying far</p>
Insurer stops writing auto policies

Insurer stops writing auto policies

<p class="source">Associated Press</p> <p>"This is the nation's largest insurance company trying to hold the state hostage," said Doug Heller of the California-based Foundation for Taxpayer & Consumer Rights, saying State Farm was threatening policy-makers to limit its liability.</p>
Insurers Flip the ‘Crisis’ Switch

Insurers Flip the ‘Crisis’ Switch

<h3>Like energy companies, they manufacture losses.</h3> <p>Like last year's energy debacle in California, the insurance crisis now afflicting the nation is the product of artificial price and supply manipulation compounded by grossly inadequate regulation.</p>
Governor pledges fast track for lawsuit abuse laws

Governor pledges fast track for lawsuit abuse laws

<p class="source">The Associated Press</p> <p>Texas Gov. Rick Perry pledged Wednesday that neither the insurance lobby nor a lawyer-packed Legislature would prevent him from pushing a lid on medical malpractice jury awards and new controls over insurance rates into law next session.</p>