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News Story
5/24/2010
Posted by Consumer Watchdog
(Click here to listen the broadcast of this news segment.) Some of the most closely watched contests in California’s June primary election are for ballot initiatives. In the past, voters have used them to rewrite the laws on everything from taxes to medical marijuana to raising chickens. But increasingly, these “citizens initiatives...
News Story
5/24/2010
Posted by Consumer Watchdog
Prop. 17 Among Propositions On June 8 Ballot SAN DIEGO, CA — A proposition on the June 8 ballot could have a significant effect on how much Californians will pay for auto insurance, but there is a disagreement over whether the proposition will save or cost money. While everyone would like to save money on car insurance, the question...
News Story
5/23/2010
Posted by Consumer Watchdog
Frankly, there's little credibility in a major insurance company spending beaucoup bucks on a ballot measure just so it can offer motorists a discount. But that is what Mercury Insurance wants you to swallow. The insurance giant says it is spending millions on Proposition 17 so it can offer California motorists a "continuous coverage...
News Story
5/22/2010
Posted by Consumer Watchdog
SACRAMENTO, CA -- Politicians weren't getting rich off "secondary market" stock option sales and limited partnerships in secretive hedge funds when California voters approved some of the country's most comprehensive ethics rules. Those things didn't exist in 1974. Now, however, the state's ethics and financial disclosure rules are...
News Story
5/21/2010
Posted by Consumer Watchdog
Opponents of Proposition 17 have leveled yet another charge of discrimination against Mercury Insurance, the auto insurer bankrolling the June 8 ballot measure to allow companies to use coverage history in determining insurance rates. The latest alleged victims? Cougars. They don’t mean Mercury Cougars. They don’t even mean big...
News Story
5/19/2010
Posted by Consumer Watchdog
Op-Ed Special to The Desert Sun Last month, the California Department of Insurance cracked down on an insurance company that has been overcharging motorists for 15 years.  That company, Los Angeles-based Mercury Insurance, also wrote and is bankrolling Proposition 17 on the June ballot. Mercury wants you to believe that its measure will save...
News Release
5/17/2010
Posted by Consumer Watchdog
Mercury Asking Dep’t of Insurance for $32 Million Rate Hike On Its Car Insurance Policyholders; Company Would Recoup All Its Money From $10 Million Prop 17 Campaign If Rate Hike is Approved Santa Monica, CA -- Mercury Insurance, the sponsor of Prop 17, is pushing regulators to allow a $32 million rate increase for California drivers insured...
News Story
5/16/2010
Posted by Consumer Watchdog
Californians thought they had settled this already. But with Proposition 17, an initiative on the June 8 ballot, voters are being asked once again to set the rules governing auto insurance in California and how it’s priced. In reality, this fight has been brewing since 1988, when Californians passed Proposition 103, the landmark law...
News Story
5/14/2010
Posted by Consumer Watchdog
One of California’s largest insurers has sunk upward of $10 million into ads and efforts supporting Proposition 17, the auto insurance measure on the June 8 ballot, in what consumer advocates are calling a “David and Goliath” battle that they say could affect consumers for years. The complex measure would allow drivers to...
News Story
5/13/2010
Posted by Consumer Watchdog
SACRAMENTO, Calif. (AP) — The insurance company that placed Proposition 17 on the June ballot says it did so to save money for most policyholders. The consumer-advocacy groups opposing it say that’s merely a smokescreen. What the company, Mercury Insurance, really wants is to undermine a provision of a voter-approved insurance...