May 13th, 2010
Long-time insurance reformer Harvey Rosenfield is in San Diego today, traveling with a red emergency beacon, to warn voters to be aware of what the insurance industry is trying to get away with on the ballot this June. Rosenfield will highlight the $10 million spent by Mercury Insurance to pass the auto insurance rate hike initiative Prop 17 and more than $735,000 spent by insurance companies and associated political committees in the Democratic primary to replace San Diego State Senator Denise Ducheny.
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Tags: big corporations, consumer, contributions, Mercury, News Release, Prop 17, trust, voters
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May 11th, 2010
Mercury General Corp. has failed to fully disclose family ties within the company in possible violation of federal law and its own internal policies, Consumer Watchdog wrote to the Securities and Exchange Commission today. The company did not tell investors that the chief actuary — responsible for financial projections relied on by shareholders, policyholders, regulators and the public — is the CEO’s nephew.
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Tags: big corporations, deceptive, Mercury, News Release, Prop 17
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May 10th, 2010
In the David v. Goliath battle over Prop 17, Mercury Insurance is spending millions on ads in its bid to raise car insurance premiums and, today, consumer advocates are launching a one-week television ad campaign just as voters receive absentee ballots this week.
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Tags: big corporations, consumer, contributions, deceptive, Mercury, News Release, Prop 17, Video, voters
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May 10th, 2010
In the David v. Goliath battle over Prop 17 – the insurance company sponsored measure to raise car insurance premiums – consumer advocates are launching a one-week television ad campaign just as voters receive absentee ballots this week.
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Tags: big corporations, deceptive, Mercury, News Release, Prop 17, Video, voters
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May 5th, 2010
Santa Monica, CA –A letter Mercury Insurance Company apparently intends to send to its policyholders this week urging them to support Proposition 17 fails to disclose that its customers could be forced to pay enormous surcharges if the initiative passes. It also contains other false and misleading statements, consumer advocates said today.
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Tags: big corporations, deceptive, Mercury, News Release, overcharges, scandal, trust, voters
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May 4th, 2010
The insurance company-funded campaign for Proposition 17 — the measure to hike auto insurance rates — has begun airing its first TV ad across the state, and it’s a whopper, said consumer advocates fighting the measure.
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Tags: big corporations, deceptive, Mercury, News Release, Prop 17
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April 28th, 2010
Struggling with months of negative publicity because it has been exposed for discriminating and illegal overcharging of its customers, Mercury Insurance this week has poured another $2 million into its campaign for Prop 17 on the June ballot.
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Tags: deceptive, Mercury, News Release, overcharges, scandal
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April 18th, 2010
The California Democratic Party voted today to oppose Prop 17 on the June ballot. Prop 17 would allow car insurance companies to increase premiums for millions of California drivers based on their history of purchasing auto insurance. At its weekend convention in Los Angeles, the Democratic Party joined consumer, labor, senior and veterans groups fighting the deceptive ballot measure funded by Mercury Insurance, California’s third largest auto insurer. To date, Mercury has spent $5.25 million on its Prop 17 campaign.
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Tags: consumer, deceptive, Mercury, Prop 17
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April 15th, 2010
This week, the California Labor Federation joined a growing list of organizations in opposition to Proposition 17, the Mercury Insurance-sponsored measure that would allow insurance companies to raise drivers’ premiums based on their history of buying auto insurance.
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April 13th, 2010
Hoping to distract voters from yesterday’s government crackdown on Mercury Insurance’s illegal overcharges, Mercury pumped $1.75 million into its campaign for Prop 17 on the June ballot and is expected to launch its first wave of television commercials. Prop 17 would allow insurance companies to increase premiums for California drivers based on their history of purchasing auto insurance.
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