By Jon Healey, LOS ANGELES TIMES OPINION LA BLOG
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, a former Facebook executive; the rest effectively flushed...
By Marc Lifsher, LOS ANGELES TIMES
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 reporting.
The measure would have allowed insurers such as Mercury...
By Wire Reports, ASSOCIATED PRESS
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 insurers lower rates for drivers who maintain insurance...