Insurance

Commissioner candidates take insurance money, despite pledges

October 16, 2002  ·  Consumer Watchdog

<p class="source">The Associated Press</p> <p>While the leading candidates for insurance commissioner say they don't accept industry campaign contributions, campaign finance and public records show each has taken more than $50,000 from investors for insurance companies.</p>

Risky Business

October 15, 2002  ·  Consumer Watchdog

<h3>Insurers' Increasingly Risky Investments in Corporate America Cause Insurance Premiums to Skyrocket</h3> <p>Large liability insurance companies are demanding rate increases to offset massive investment losses, according to a new analysis of major insurance companies by the nonprofit Foundation for Taxpayer and Consumer Rights.</p>

Stock Losses Boost Premiums, Study Says;

October 15, 2002  ·  Consumer Watchdog

<h3>Insurers raise rates to cover shrinking returns, consumer group says. Firms blame large claims.</h3><p class="source">The Los Angeles Times</p> <p>Far more than they publicly admit, home and auto insurers are raising rates to cover their losses on risky corporate securities, according to a controversial study to be released today by a Santa Monica consumer watchdog group.</p>

Stock market losses contribute to higher insurance rates

October 14, 2002  ·  Consumer Watchdog

<p class="source">Associated Press</p> <p>The crumbling stock market is hitting people's pocketbooks in a lot of different places, including an increasingly touchy area - insurance prices.</p>

So much for Wall Street cleaning up its act

October 13, 2002  ·  Consumer Watchdog

<p class="source">The San Francisco Chronicle</p> <p>"Sen. Phil Gramm excused Enron for punishing California and mocked state officials, but the CPUC has agreed to pay his company millions to tell us how to solve the problems Enron and lawmakers like Gramm created," said consumer crusader Doug Heller</p>

So much for Wall Street cleaning up its act

October 13, 2002  ·  Consumer Watchdog

<p class="source">The San Francisco Chronicle</p> <p>"Sen. Phil Gramm excused Enron for punishing California and mocked state officials, but the CPUC has agreed to pay his company millions to tell us how to solve the problems Enron and lawmakers like Gramm created," said consumer crusader Doug Heller</p>

Disability Insurer Is Under Fire;

October 6, 2002  ·  Consumer Watchdog

<h3>Legitimate claims denied, suits say</h3><p class="source">The San Francisco Chronicle</p> <p>The nation's largest disability insurance company has been accused of systematically denying legitimate claims from seriously ill customers, a corporate strategy allegedly concocted for one purpose: boosting profits.</p>

Prop 103 Enforcement Project Comments on Enforcing Regulations

October 2, 2002  ·  Consumer Watchdog

<!-- excerpt --><p>The Proposition 103 Enforcement Project's Comments on the Department's Prenotice Public Discussion on Contemplated Regulations for Enforcement Actions and Penalties (RH 02023676)</p>

Davis vetoes tough corporate accountablity bill

October 1, 2002  ·  Consumer Watchdog

<p class="source">Sacramento Bee</p> <p>Gov. Gray Davis has vetoed legislation to create a confidential state "whistleblower's hotline" and to protect employees who refuse to participate in illegal activities at work.</p>

Davis vetoes tough corporate accountablity bill

October 1, 2002  ·  Consumer Watchdog

<p class="source">Sacramento Bee</p> <p>Gov. Gray Davis has vetoed legislation to create a confidential state "whistleblower's hotline" and to protect employees who refuse to participate in illegal activities at work</p>

Davis vetoes bill to make changes California auto insurance

October 1, 2002  ·  Consumer Watchdog

<p class="source">Associated Press</p> <p>Gov. Gray Davis vetoed a bill Monday that would have allowed auto insurance companies to use consistency of coverage as a factor in determining rates and premiums.</p>

Davis handles final details on bill signings, vetoes

October 1, 2002  ·  Consumer Watchdog

<p class="source">Associated Press</p> <p>The fallout from Gov. Gray Davis' decision to sign or veto hundreds of bills in the last week continued to settle Tuesday, as some groups celebrated and others prepared for lawsuits or new legislation.</p>