HomeUpdatesAllAll › News Story

News Story

News Story
7/10/2012
By Don Jergler, INSURANCE JOURNAL
An initiative to establish portable persistency discounts for automobile insurance on Tuesday was assigned a number by the Secretary of State, and shortly afterward the newly named Proposition 33 came under attack by Santa Monica, Calif.-based Consumer Watchdog. Prop. 33, the 2012 Automobile Insurance Discount Act, will reward Californians for...
News Story
3/12/2012
Op-Ed By Brian Stedge-Stroud, THE NORTH COUNTY TIMES - CALIFORNIAN (SAN DIEGO, CA)
A billionaire insurance executive is spending $8 million on a November ballot measure to undermine a key consumer protection that has saved California drivers more than $62 billion since 1988. Common sense leads to one basic question: When has a billionaire insurance executive spent $8 million just to save drivers money? The real aim of the ballot...
News Story
2/10/2012
By Laurie Bennett, FORBES.COM
In California, the rule of politics is sometimes “one man, one ballot proposition.” Pretty much by himself, billionaire George Joseph is financing an initiative governing insurance rates. As the chairman and largest stockholder of Mercury General Corporation, an insurance company that does most of its business in California, Joseph has...
News Story
1/27/2012
By Will Evans, CALIFORNIA WATCH
UPDATE, Jan. 27, 2012: Mercury Insurance provided this response to questions about its record. The 90-year-old billionaire chairman of Mercury Insurance just won’t give up. George Joseph gave $8.2 million to put an initiative on the November ballot that supporters say would lower car insurance rates for consumers who maintain continuous...
News Story
1/22/2012
By Dan Morain, SACRAMENTO BEE
From the courts to the Capitol to the ballot, insurance magnate George Joseph and attorney Harvey Rosenfield, who wrote the 1988 initiative that regulated auto insurance, have been butting heads for a quarter century. They assure me it's not personal. There was nothing personal in 2009 when Consumer Watchdog, the Santa Monica advocacy group...
News Story
12/20/2011
By Judy Lin, ASSOCIATED PRESS
SACRAMENTO, CA -- California's initiative process was intended to give people a way to arm themselves against corruption, whether it was from lawmakers in the Capitol or the special interests that controlled them. But in the 100 years since former Gov. Hiram Johnson rallied against the corrupt politics that permeated state government,...
News Story
10/11/2011
By Timm Herdt, VENTURA COUNTY STAR
SACRAMENTO - If Hiram Johnson, the California governor who campaigned in 1910 vowing to bring the initiative process to state voters and then delivered on that promise a year later, were alive today, he would not be surprised by the criticisms leveled against the state's now century-old process of direct democracy. Back in the day, he had...
News Story
9/27/2011
By Editorial, LOS ANGELES TIMES
Auto insurance could become too expensive for some Californians if George Joseph, chairman of insurer Mercury General Corp., gets his way. He's proposed an initiative for the June 2012 ballot that would reward longtime insured drivers but could ultimately price out the people who haven't previously or consistently been insured. In a Sept....
News Story
9/21/2011
By Jamie Court, Op-Ed Commentary, LOS ANGELES TIMES
In seeking to change California law, an insurance executive's initiative would make it too expensive for too many people to insure their vehicles. Should you be penalized under the law if you previously hadn't been able to afford a car, chose not to own a car or if you lived for a time in a city where you didn't need one? A Los...
News Story
9/13/2011
By Marc Lifsher, LOS ANGELES TIMES
George Joseph gives $8.1 million to 2012 initiative campaign to up-end Prop. 103. SACRAMENTO, CA -- Los Angeles insurance executive George Joseph has raised the stakes in his years-long effort to change California's landmark automobile insurance law, Proposition 103, by putting millions of dollars into a ballot initiative that would give...