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Prop 103

News Release
5/22/2013
Posted by Doug Heller
Santa Monica, CA – California drivers insured by Auto Club of Southern California will receive an average rate decrease of 4.1% after the company agreed to lower premiums following discussions with the California Department of Insurance and Consumer Watchdog.  The nonprofit Consumer Watchdog challenged a 2012 Auto Club filing with the...
News Story
5/9/2013
Posted by Mark Reback
Huge insurer Mercury Insurance Group has lost part of its ongoing legal challenge over homeowners insurance rates. Sacramento Superior Court rejected Mercury's petition to delay implementing a rate decrease ordered by state regulators. As a result, about 270,000 Californians who insure their homes through Mercury will save more than $16.5...
News Release
5/8/2013
Posted by Doug Heller
Santa Monica, CA – Mercury Casualty Company must implement an 8% rate decrease to its homeowners insurance rates as required by California Insurance Commissioner Dave Jones, according to a ruling issued by Sacramento Superior Court Judge Eugene L. Balonon on Tuesday, denying Mercury’s request to delay the decrease from taking effect....
News Release
4/29/2013
Posted by Mark Reback
Santa Monica, CA -- Mercury Insurance Company’s latest attempt to escape responsibility for overcharging tens of thousands of California motorists has been rejected by the courts. Facing hundreds of millions of dollars in fines in an administrative proceeding now being prosecuted by the California Department of Insurance, Mercury had asked...
Legal Update
1/29/2013
Posted by Laura Antonini
Mercury Insurance – the company that California regulators say “has a deserved reputation for abusing its customers and intentionally violating the law with arrogance and indifference” – is infamous for playing every angle in its effort to avoid accountability for cheating its customers. Mercury has spent tens of millions...
Blog Post
1/4/2013
Posted by Carmen Balber
What an inspiring 2012! Together, we exposed and stopped false MPG claims by automakers, shamed health insurance companies into lowering outrageous rate hikes and moved closer to the day when technology companies can’t collect and sell our private information online and on our phones without consent. This year we’ll continue these...
News Story
11/8/2012
Posted by Mark Reback
What do Thomas Steyer and Chris Kelly know that fellow California high-rollers George Joseph, Molly Munger, her brother Charles T. Munger Jr. and Nicolas Berggruen don't? All six multimillionaires bankrolled a ballot proposition in this year's election. But voters approved the ones backed by Steyer, a financier in San Francisco, and Kelly...
News Story
11/7/2012
Posted by Mark Reback
SACRAMENTO — A Los Angeles insurance executive's drive to boost his company's fortunes by seeking authority to offer a new auto coverage discount got trounced by voters. Proposition 33, bankrolled by Mercury General Corp. Chairman George Joseph, lost with 45.4% of the vote to opposition of 54.6% with all California precincts...
News Story
11/7/2012
Posted by Mark Reback
LOS ANGELES, CA -- For the second time in three years, voters have rejected a ballot initiative that would have let auto insurers charge drivers based on their history of maintaining coverage. Proposition 33 failed Tuesday with about 55 percent voting against. It was the second attempt by billionaire insurance executive George Joseph to let...
News Story
11/7/2012
Posted by Mark Reback
SACRAMENTO -- The consumer activists that defeated the Proposition 33 auto insurance initiative, despite their small budget, are crowing over their victory and spoiling for a new fight. This tiime, it's with the health insurance industry. Consumer Watchdog of Santa Monica is winding up its own initiative on the 2014 ballot to regulate health...