Market Overview

Allianzwatch.com Joins the Fight Against Senior Abuse

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Not For Profit's Agenda Will Educate Seniors About Underwriting,
Claims Processing and Claims Denials

The fight to protect Seniors from insurance industry abuse took a new
turn today, thanks to the formation of Allianzwatch.com.

This press release features multimedia. View the full release here:
https://www.businesswire.com/news/home/20180821005182/en/

"Senior abuse is on the rise in the insurance industry, and we're
organizing to not only educate seniors about how to avoid the abuse, but
make sure that legislatures enact laws that protect them," Michael Ross, Allianzwatch.com's
Executive Director said. "We want legislatures to expand current
programs and create additional tools that senior consumers can use to
protect themselves."

According to their 7/16/18 filing, Allianzwatch.com is organizing
as a nonprofit public benefit corporation under the Nonprofit Public
Benefit Corporation Law for public and charitable purposes. The purpose
of the corporation is to promote the social welfare as defined within
the meaning of section 501 (c) (4) of the Internal Revenue Code,
including but not limited to:

  • Monitoring, reporting and educating consumers, the seniors, and senior
    citizens about insurance industry actions and how those actions impact
    them;
  • Developing and advocating for legislation, regulations and government
    programs to improve community based insurance education programs and
    interaction;
  • Conducting research about the industry, and then publicizing the
    positions of both members of the industry and elected officials
    concerning Insurance related issues.

"California's leaders have to recognize that insurer fraud is very real
in the insurance industry, and the largest victims of that fraud are
seniors," The Executive Director concluded.

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