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Auto Insurance Proposition 103

News Story
2/26/2012
Posted by Mark Reback
Consumer advocates and labor unions are looking to tap into Californians' anxiety over health care costs with ballot measures targeting insurance companies and hospitals. Signature gatherers are out now trying to qualify three initiatives for the November ballot. Two of them are being pushed by a union that represents health care workers....
News Story
2/10/2012
Posted by Mark Reback
In California, the rule of politics is sometimes “one man, one ballot proposition.” Pretty much by himself, billionaire George Joseph is financing an initiative governing insurance rates. As the chairman and largest stockholder of Mercury General Corporation, an insurance company that does most of its business in California,...
News Story
2/8/2012
Posted by Mark Reback
Advocacy group Consumer Watchdog set out to take on health insurers in California with a ballot initiative to regulate rates, but it may face ramped-up opposition from the personal lines sector as well. The initiative's formal language conflicts with another proposition, already cleared for the Nov. 6 general election ballot, to allow for...
News Story
2/6/2012
Posted by Mark Reback
John Norwood is one of California’s best known legislative advocates for the insurance and financial services sectors. Norwood, principal of Norwood & Associates, has garnered recognition for his political work dating back to the early 1980s, including political battles to amend the state’s insurance rate regulations, and...
News Story
1/27/2012
Posted by Mark Reback
UPDATE, Jan. 27, 2012: Mercury Insurance provided this response to questions about its record. The 90-year-old billionaire chairman of Mercury Insurance just won’t give up. George Joseph gave $8.2 million to put an initiative on the November ballot that supporters say would lower car insurance rates for consumers who maintain...
News Story
1/22/2012
Posted by Mark Reback
From the courts to the Capitol to the ballot, insurance magnate George Joseph and attorney Harvey Rosenfield, who wrote the 1988 initiative that regulated auto insurance, have been butting heads for a quarter century. They assure me it's not personal. There was nothing personal in 2009 when Consumer Watchdog, the Santa Monica advocacy...
News Release
1/19/2012
Posted by Consumer Watchdog
Santa Monica, CA – The billionaire insurance baron-backed ballot measure to surcharge millions of California drivers by 40% has qualified for the November 2012 ballot, according to the California Secretary of State.  Mercury Insurance Chairman George Joseph, who has already contributed over $8 million to the ballot measure, will...
News Story
1/19/2012
Posted by Mark Reback
An automobile insurance discount initiative, more than 99% bankrolled by the chairman of Mercury Insurance, has qualified to go before voters on November's ballot. Officially sponsored by a trade group, the American Agents Alliance, the proposal would provide motorists, who switch insurance companies, with a discount if they had been...
News Release
1/18/2012
Posted by Consumer Watchdog
Santa Monica, CA -- Mercury Insurance seeks to raise California insurance rates by 8.8% for approximately 300,000 homeowners and renters with Mercury policies. If approved, the increase would generate an additional $19 million per year for Mercury.  The insurer is seeking the increase even though it paid less than 50¢ in claims for...
News Release
12/22/2011
Posted by Consumer Watchdog
Santa Monica, CA -- Consumer Watchdog Campaign has released a new video showing the 375th richest man in America, 90-year old insurance baron George Joseph, as the Grinch who stole Christmas. The video points to the devious attack by the Chairman of Mercury Insurance on auto insurance customers who will face dramatic premium increases if George...