Mercury

Court Rejects Insurance Industry Sleight-of-Hand

“Hocus pocus.”  “Smoke and mirrors.”
 
These words appeared late Friday afternoon in a published decision of the California Court of Appeal in Sacramento describing the insurance industry’s latest failed attack on the consumer protections of insurance reform Proposition 103.
 
The Court upheld Prop 103 rules that prevent insurance companies from earning excessive profits and prohibit them from passing on excessive costs – like sports sponsorships – to consumers.
 

Surprise! Insurance Industry Hands Revealed Behind Prop 103 Attack

California consumers and small business owners saved $246 million dollars on their insurance in 2016 thanks to public rate challenges brought by Consumer Watchdog under insurance reform initiative Proposition 103.

Mercury Insurance Fined $27.5 Million for Charging California Consumers Illegal Auto Insurance Fees

Mercury Insurance has been ordered by the California Insurance Commissioner to pay a historic $27.5 million penalty for willfully violating Proposition 103, by charging California consumers illegal auto insurance fees between 1996 and 2006.
 

Capitol Watchdog is owned and operated by nonprofit Consumer Watchdog. For more information about Consumer Watchdog visit http://www.consumerwatchdog.org

 
 

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