Insurance companies learned a lesson last night in California: Don't try to fool the voters or you'll be the one looking foolish.
Thanks to your help voters saw through one insurance billionaire's deceptive campaign and rejected Prop 33 with 55% opposed.
Mercury Insurance Chairman George Joseph spent $17.5 million and, for the second time in two...
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...
By Drew Joseph, SAN FRANCISCO CHRONICLE
SACRAMENTO -- Voters rejected Proposition 33, a measure that would have allowed car insurers to offer discounts to drivers who maintain continuous coverage and raise rates on those who do not have a consistent history of coverage.
Current state law enables insurers to offer loyalty discounts to drivers who maintain coverage with one company,...
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...
By Don Jergler, INSURANCE JOURNAL
The “B” word may have been the most lethal weapon against an automobile insurance portable persistency initiative put to Californians, the second such initiative in the last two years to be defeated.
California’s Proposition 33, the 2012 Automobile Insurance Discount Act, was defeated with 54.6 percent voting against it, while it got 45.4 “...
By Staff Writers, LOS ANGELES TIMES
SACRAMENTO -- The consumer activists that defeated the Proposition 33 auto insurance initiative, despite their small budget, are crowing over their victory and spoiling for a new fight.
This tiime, it's with the health insurance industry.
Consumer Watchdog of Santa Monica is winding up its own initiative on the 2014 ballot to regulate health...
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.
CONTACT Carmen Balber & Jamie Court
Santa Monica, CA – Voters issued the final verdict on the deceptive campaign for Prop 33, financed by Mercury Insurance Chairman George Joseph, that would have given insurance companies the power to charge good drivers more for lapses in coverage. Prop 33 was losing by a margin of 46 to 54 at 11:30 pm Tuesday.
Consumer Watchdog Campaign said the...
CONTACT Carmen Balber & Jamie Court
Santa Monica, CA – Consumer advocates with the No On Proposition 33 campaign will be available for comment and election night reaction in San Francisco, Sacramento and Santa Monica tonight. Mercury Insurance Chairman George Joseph and his campaign to pass Prop 33 have pulled out some eleventh-hour dirty tricks and voter deceptions, said Consumer...
By Michael Hiltzik, LOS ANGELES TIMES
George Joseph, founder of Mercury General Group, is virtually the sole bankroller of Prop. 33, which he sees as a tool for poaching customers from competitors.
George Joseph must think that the old saw defining insanity as doing the same thing over and over and expecting a different result doesn't apply to him — or at least that it's amenable to...