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News Story
10/16/2012
Posted by Daniel Palay
Backers of Proposition 33 have run a series of TV ads depicting motorists who support the initiative, which would alter the way auto insurance premiums are regulated in California. Here is a text of one of the ads, and an analysis by Bee staff writer Dale Kasler. On-screen narrator: I'm Adriana, I have car insurance and I'm proud of...
News Release
10/16/2012
Posted by Carmen Balber
Santa Monica, CA -- The insurance billionaire behind Prop 33 is asking California voters to believe that he wants to overturn laws that have protected consumers for 24 years to save consumers money. Consumer Watchdog Campaign today released the “Top Five Reasons You Can’t Trust Mercury Insurance,” outlining the company’s...
News Story
10/16/2012
Posted by Mark Reback
LOS ANGELES, CA -- A consumer advocacy group in California has fired another salvo of public complaints against Mercury Insurance Group, accusing the personal lines insurer of raising automobile insurance rates ahead of an election that will decide the fate of a ballot measure the consumer group said will directly benefit Mercury. Mercury's 4...
News Story
10/15/2012
Posted by Mark Reback
Click here to listen to the audio of this radio program broadcast. Of the 11 propositions on this November’s ballot, Proposition 33 is one that you may have not heard too much about other than from the “YES on 33” campaigns. George Joseph, the billionaire chairman of Mercury Insurance has backed the proposition with over $16...
News Story
10/13/2012
Posted by Daniel Palay
For a dozen years, the 91-year-old founder of a leading Los Angeles insurance company and an early disciple of consumer advocate Ralph Nader have been fighting over the right to offer many motorists a new discount. Now these two adversaries are at it again. This time the fight is over Proposition 33 on California's Nov. 6 ballot, and it's...
News Story
10/11/2012
Posted by Daniel Palay
What It’s All About: Prop 33 will allow insurers to offer “continuous coverage” discounts to drivers who have maintained coverage consistently for a minimum of five consecutive years. It will also allow insurers to penalize customers who have gone without coverage at any point over the last five years. At the moment, insurance...
News Story
10/11/2012
Posted by Daniel Palay
“Mercury Insurance has a terrible history of mistreating its customers, ignoring the law and trying to deceive voters.”— Consumer Watchdog “Proposition 33 creates a more vibrant market for auto insurance by empowering California’s consumers to shop for the best deal.” –Samuel Kang, Greenlighting...
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 Story
10/10/2012
Posted by Daniel Palay
Proposition 33 allows insurance companies to raise rates on motorists with perfect driving records. If voters buy this lemon, millions of law-abiding Californians will see a new surcharge on their auto insurance premium bills. Proposition 33 carves a loophole in state insurance law, banning regulatory review of this new rate hike. The measure is...
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...