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George Joseph

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
10/8/2012
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....
News Story
10/7/2012
Posted by Mark Reback
El propietario de la aseguradora Mercury, George Joseph, está empecinado en reformar el marco legal establecido por la Proposición 103, para vender a toda costa más pólizas de seguro. Hace dos años rechazamos la iniciativa 17 y hoy recomendamos un rotundo no a la Proposición 33. En la actualidad una...
News Story
9/22/2012
Posted by Mark Reback
Click here to read the original editorial from the North County Times. Anyone who has read these pages at all over the past 15 years, since the North County Times was founded out of the merger of the Blade-Citizen and Times Advocate, knows well that we pretty strongly favor a deregulated market where consumers decide winners and losers purely via...
News Release
9/20/2012
Posted by Carmen Balber
Santa Monica, CA – Consumer advocates demanded in a letter sent today that Mercury Insurance chairman George Joseph, who has contributed 99% of the funds backing Proposition 33, testify at a legislative hearing scheduled in Sacramento next Tuesday to publicly explain the benefit to his insurance company of the measure that would increase...
News Story
9/20/2012
Posted by Mark Reback
Click here to read the original editorial in the Los Angeles Times. Two years ago, voters rejected an ill-conceived ballot measure that would have allowed auto insurers to offer discounts to people who had been covered by competing companies, but which would have done so at the expense of new drivers and those who had let their coverage lapse. Now...
News Story
9/20/2012
Posted by Mark Reback
I grew up in Chula Vista and have been around military families all my life. Two years ago I got married and became part of a military family myself. I’m proud of my husband’s service. But I’m shocked at the cynical use of military families in the advertising campaign for Proposition 33, which is 99 percent bankrolled by one...