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Prop 103

News Release
4/13/2005
Posted by Consumer Watchdog
Prop. 103 Saves California's Midwives $5,000 Annually Santa Monica, CA -- American International Group, Inc., (AIG) has withdrawn a proposed 39.9% rate hike by its National Union subsidiary, after the non-profit Foundation for Taxpayer and Consumer Rights (FTCR) filed a challenge requesting a public hearing to determine whether the increase was...
News Release
1/11/2005
Posted by Consumer Watchdog
State's Largest Insurer More Profitable Than Ever Santa Monica, CA -- Physicians Insurance, Washington state's largest medical malpractice insurer, announced a 7.7% decrease in physicians' rates for 2005 and higher profits than the company has seen in a decade, despite the fact that the state has not passed the malpractice cap insurance companies...
News Release
7/13/2004
Posted by Consumer Watchdog
Despite Severe Limits on Victims' Rights, California Insurers Continue Push For Higher Doctors' Premiums Santa Monica, CA -- A new survey by the Rand Corporation found that the most significant impact of California's 29 year old medical malpractice caps law falls on patients and families who are severely injured or killed as a result of medical...
Blog Post
3/24/2004
Posted by Consumer Watchdog
California's Gov is no friend of regulation, but it looks like Proposition 103-style insurance premium regulation may be the answer to legislative gridlock over workers' compensation reform. In auto insurance, Prop 103's system of premium regulation and price controls have saved California motorists over $23 billion. The fact that workers' comp...
News Release
1/26/2004
Posted by Consumer Watchdog
State Insurance Regulation, Not Caps, Successfully Lowered Malpractice Rates Santa Monica, CA -- Restrictions on medical malpractice victims' legal recovery, proposed today by President Bush to doctors in Arkansas who face skyrocketing malpractice premiums, will fail to lower physicians' rates nationally as they failed to lower rates in California...
News Story
10/25/2002
Posted by Mark Reback
Proposition 33, a proposal to offer discounts to car insurance customers even if they change companies, is another attempt by Mercury Insurance to manipulate the marketplace. Mercury Chairman George Joseph is bankrolling the initiative, contributing almost all of the $16.6 million campaign fund. Opponents have raised $222,800. Joseph also financed...
Feature
4/1/2000
Posted by Consumer Watchdog
For a detailed explanation of Proposition 103's provisions and their present status, read the following link: Background on Insurance Reform: A Detailed Analysis of Proposition 103 (All references are to the provisions of the original version of Proposition 103.) DESCRIPTION OF REFORM ACTION REQUIRED BY COMMISSIONER HISTORY & STATUS...