HomeUpdatesAllAll › News Story

News Story

News Story
9/12/2012
By Jon Healey, LOS ANGELES TIMES
Proposition 33, an initiative to let auto insurers offer discounts to competitors' customers, isn't quite the same as Proposition 17, a similar proposal that voters rejected in 2010. But the campaign in favor of the measure seems to be following the same truth-distorting playbook. The Yes on Proposition 33 campaign has bought airtime on 19...
News Story
9/11/2012
By Steven T. Jones, SAN FRANCISCO BAY GUARDIAN
A consumer group that supports Mercury Insurance in its efforts to charge some drivers higher rates just got a donation of $195,000 from Mercury's founder. The money is going to create a political operation supporting two ballot measures – Mercury's Prop. 33 and Prop. 38, a tax measure sponsored by Molly Munger, who also gave the...
News Story
9/11/2012
By Doug Porter, SAN DIEGO FREE PRESS
If you ever needed a case study in how one rich individual can buy a law that favors his auto insurance business while screwing consumers, Proposition 33 would fit the bill perfectly. It’s such a bad apple that other insurance companies, not exactly known for their pro-consumer attitudes when it comes to making money, won’t even...
News Story
9/9/2012
By Drew Joseph, SAN FRANCISCO CHRONICLE
An initiative on the November ballot that would allow auto insurers to base their prices in part on a driver's coverage history is pitting an executive at one of the state's largest insurance companies against a consumer advocacy group for the second time in as many years. Proposition 33 would enable insurance companies to offer...
News Story
9/6/2012
Op-Ed by Carmen Balber, VACAVILLE REPORTER
Meet Kyle. He's a college student. He's focused on getting good grades and saving enough money to afford the rising costs of college. Like many of his classmates, he doesn't drive a car because it's cheaper to ride a bike and use public transportation. If Proposition 33 passes, when Kyle graduates and finds a job that requires a...
News Story
9/4/2012
By Steven T. Jones, SAN FRANCISCO BAY GUARDIAN
Mercury Insurance wants to buy your vote again — this time, with an unusual ally Who pays? Mercury Insurance wants to change the rules for pricing car insurance.   Mercury Insurance and its billionaire founder George Joseph are trying, for the second time in two years, to charge infrequent drivers more for car...
News Story
9/1/2012
EDITORIAL by VENTURA COUNTY STAR
Proposition 33 on the Nov. 6 ballot is an industry-backed plan to change California law affecting the price of car insurance. The Star recommends a "no" vote on Proposition 33 because its negative effects would outweigh any benefits to drivers and the public. The ballot measure's major financial backer, to the tune of millions of...
News Story
8/29/2012
By Catherine Zaw, Op-Ed Commentary - SANJOSEINSIDE.COM
If approved in November, Proposition 33 would allow auto insurers to offer discounts to new customers who have had continuous coverage for the past five years. Sound familiar? It should. The initiative is a reincarnation of Proposition 17, which was shot down by a narrow margin in June 2010. It now rises from the dead, equipped with some changes...
News Story
8/23/2012
SAN JOSE MERCURY NEWS EDITORIAL
Two years ago billionaire George Joseph, chairman of Mercury Insurance, spent $16 million of the company's money on Proposition 17, a direct attack on California's strong insurance rights laws. At the time, we called it the worst abuse of California's initiative process on the 2010 ballot, which was saying something, since it was...
News Story
8/13/2012
By Sean P. Carr, SNL INSURANCE DAILY
A California Superior Court judge rejected a bid to dismiss the official ballot label for a statewide automobile insurance initiative, handing a defeat to backers of Proposition 33. Proponents of the measure to allow insured drivers to take continuous coverage discounts with them from when they change insurance companies had filed a lawsuit...