Source: The American Prospect
by David Dayen
“Earlier this month, the California-based organization Consumer Watchdog uncovered an incredible scandal involving rideshare company Uber, which we covered on the most recent episode of my podcast Organized Money. The company pleaded to the California legislature last year that its insurance costs had spiked so much that the state needed to decrease required payouts on its mandated uninsured motorist coverage. ‘They literally said 45 cents out of every dollar is going to insurance,’ Jamie Court, president of Consumer Watchdog, told me. It turned out that these excessive insurance payments were going to a Hawaii-based company called Aleka that is run by Uber executives. Aleka was raising rates on Uber higher than other insurers, but that money just got transferred into a reserve bank account under Uber’s control.” (06/11/26)
https://prospect.org/2026/06/11/threat-of-big-insurance-lobbying-congress-donations/