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Prop 103

News Story
10/15/2012
Posted by Mark Reback
Click here to listen to the audio of this radio program broadcast. Of the 11 propositions on this November’s ballot, Proposition 33 is one that you may have not heard too much about other than from the “YES on 33” campaigns. George Joseph, the billionaire chairman of Mercury Insurance has backed the proposition with over $16...
News Story
10/13/2012
Posted by Daniel Palay
For a dozen years, the 91-year-old founder of a leading Los Angeles insurance company and an early disciple of consumer advocate Ralph Nader have been fighting over the right to offer many motorists a new discount. Now these two adversaries are at it again. This time the fight is over Proposition 33 on California's Nov. 6 ballot, and it's...
News Story
10/11/2012
Posted by Daniel Palay
We continue our look at next month’s California election ballot with Proposition 33. It would change state laws on auto insurance premiums. If you've been with the same car insurance company for five-straight years or more, you're probably getting some type of "continuous coverage" discount. But let's say you wanted to...
News Release
10/10/2012
Posted by Daniel Palay
Santa Monica, CA – Mercury General is raising auto insurance rates by $63 million on its customers, an average 4% rate hike for 990,000 Mercury auto insurance policyholders in California. The rate hike comes just ahead of a November vote on Proposition 33, funded by Mercury Chairman George Joseph, which would allow insurance companies to...
News Release
10/9/2012
Posted by Carmen Balber
Santa Monica, CA – Nearly every newspaper editorial board in California has rejected Prop 33 as an unfair measure that will penalize good drivers, including liberal, middle-of-the-road and conservative papers across the state ranging from the San Diego Union-Tribune to the San Francisco Chronicle. The No on 33 editorial board endorsements...
News Story
10/8/2012
Posted by Mark Reback
In the wake of the attacks on the American Consulate in Libya, Consumer Watchdog told the “Yes on Proposition 33” campaign to stop running misleading ads. Just after the anniversary of Sept. 11, the “Yes on Prop. 33” campaign ran ads promoting the auto insurance reforms in Proposition 33 as patriotic. The ads stated that...
News Release
10/8/2012
Posted by Carmen Balber
Santa Monica, CA – George Joseph, the billionaire chairman of Mercury Insurance Co. and backer of the Prop 33 campaign gave another $8 million to the initiative this weekend, bringing his total spending on the measure to $16,422,126. Prop 33 will allow insurance companies to raise car insurance rates on good drivers who have a break in their...
News Story
10/8/2012
Posted by Mark Reback
SACRAMENTO -- Insurance billionaire George Joseph has poured another $8 million into his self-funded campaign to pass Proposition 33, a change in California insurance law he's been trying to get for a dozen years. Joseph's latest contribution was posted on the secretary of state's website Monday. In all, he has given 99.5% of the $16....
News Story
10/8/2012
Posted by Mark Reback
SACRAMENTO, Calif. — Billionaire insurance executive George Joseph has donated another $8 million to his November ballot initiative. The weekend contribution brings his total to $16 million in support of Proposition 33, which would let insurers charge drivers based on their history of maintaining coverage. Joseph on Monday said campaign...
News Story
10/8/2012
Posted by Mark Reback
For a decade now, Mercury Insurance founder George Joseph has been trying to get one big change made to California's landmark insurance law: a discount for customers who switch auto insurance carriers. Gov. Gray Davis vetoed a Mercury-backed bill in 2002. The voters rejected Mercury-backed Proposition 17 in June 2010 by 4 percentage points....