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Prop 33

News Release
10/12/2012
Posted by Daniel Palay
Santa Monica, CA -- Consumer Watchdog, Consumers Union, the nonprofit publisher of Consumer Reports, and Consumer Federation of California, are urging California voters to oppose insurer-backed Prop 33 along with the California Nurses Association and the California Alliance of Retired Americans. As voters cast their votes by mail, the groups note...
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
We continue our look at next month’s California election ballot with Proposition 33. It would change state laws on auto insurance premiums. If you've been with the same car insurance company for five-straight years or more, you're probably getting some type of "continuous coverage" discount. But let's say you wanted to...
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
10/9/2012
Posted by Carmen Balber
Santa Monica, CA – Nearly every newspaper editorial board in California has rejected Prop 33 as an unfair measure that will penalize good drivers, including liberal, middle-of-the-road and conservative papers across the state ranging from the San Diego Union-Tribune to the San Francisco Chronicle. The No on 33 editorial board endorsements...
News Story
10/8/2012
Posted by Mark Reback
In the wake of the attacks on the American Consulate in Libya, Consumer Watchdog told the “Yes on Proposition 33” campaign to stop running misleading ads. Just after the anniversary of Sept. 11, the “Yes on Prop. 33” campaign ran ads promoting the auto insurance reforms in Proposition 33 as patriotic. The ads stated that...
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 $16.2...