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News Story
11/8/2012
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...
News Story
11/7/2012
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,...
News Story
11/7/2012
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...
News Story
11/7/2012
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 “...
News Story
11/7/2012
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...
News Story
11/7/2012
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. The...
News Story
11/5/2012
By Drew Joseph, SAN FRANCISCO CHRONICLE POLITICS BLOG
It might not get the attention of some of the other propositions, but Proposition 33 is attracting some big money, at least on one side and from one person. The measure would allow car insurers to give discounts to drivers who have maintained continuous coverage and to charge more to drivers without such an insurance history. George Joseph, the...
News Story
11/5/2012
By Jon Healey, LOS ANGELES TIMES
The campaign in favor of Proposition 33 has been so consistently misleading, it's almost pointless to keep criticizing the measure's supporters for warping the facts. Nevertheless, an advertisement Monday in favor of the measure makes a point that bears rebutting before voters head to the polls. The proposition would allow auto insurers to offer...
News Story
11/5/2012
By Sarah Fenske, LA WEEKLY
The guy behind Proposition 33, insurance magnate George Joseph, has spent nearly $17 million to fight for the right to extend discounts to drivers who've had five years of uninterrupted coverage, even if that coverage has come from more than one company. Joseph has said that he's pushing the measure because he believes it would lead to more...
News Story
10/29/2012
Op-Ed Commentary by Jamie Court, THE ORANGE COUNTY REGISTER
Click here to view the original Op-Ed commentary. Answer just one question, and you'll know how you should vote on Proposition 33: Should you pay more for your car insurance if you stopped driving for a time because you couldn't afford a car, didn't own one or lived for awhile in a city where you didn't need one? The insurance billionaire behind...