Prop. 17: Auto Insurance Measure Appears To Fail
Written by Melissa Baker on June 8, 2010 – 2:28 amUPDATE 6:54 a.m. Proposition 17, auto insurance measure, appeared to be headed for defeat. With 99. 1 percent of the precincts reporting, it was losing by 158,000 votes, or 52-48 percent.
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California voters were divided closely on a measure Tuesday that would change state law to allow insurance companies to raise rates on drivers who let their coverage lapse while allowing insurers to award discounts to those who maintain continuous coverage.
Supporters of Proposition 17 said the ballot initiative, sponsored mainly by Mercury Insurance, would lead to more competition and better rates for consumers who take advantage of “continuous coverage” discounts by sticking with insurers.
But opponents said the proposition would unfairly raise fees for drivers who drop their coverage and would erode consumer rights guaranteed under Prop. 103, the landmark insurance reform measure that voters approved in 1988.
Tuesday’s low voter turnout could help the measure pass, opponents said. Early returns showed the measure gaining support in Southern California counties, while Bay Area counties showed opposition.
Tags: Auto Insurance, Auto Insurance Measure, Insurance Measure, Measure
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Auto insurance
Written by Admin on January 26, 2010 – 5:03 am
Auto insurance
Auto insurance
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Tags: Auto Insurance, Insurance
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