Proposition 103 News

Prop. 103 vs. Self-driving Cars Revving up in California

Way back in 1988 it probably seemed like the idea of self-driving vehicles was about as far off as flying cars or hovercraft. That was the year California voters enacted Proposition 103, giving among other things an insurance commissioner the …

Big Brains at Big ‘I’, Insurance Information Institute Give Their Take on 2014

Most economists are upbeat about next year, but just what does that mean for insurance agents in 2014? For independent agents 2013 was a year in which one entity forecasted their eventual demise, and for the rest of the business …

Report Calls for Prior Approval for All States

Holding automobile insurance regulation in California as an example, the Consumer Federation of America issued a report on Tuesday showing that auto insurance expenditures in America rose by 43 percent on average over the past quarter century. The report holds …

Insurance Pros in Politics: Garamendi Says Economy Needs Insurance

When it comes to mixing insurance and politics Congressman John Garamendi, D-California, can be considered an authority on the topic. While Garamendi never served professionally in the insurance industry, after the rancher-turned-politician became California’s first elected insurance commissioner in the …

Calif. Auto Insurance Down over Quarter-Century, Groups Debate Why

The average California auto insurance expenditure fell from 1989 to 2010, while every other state in the nation saw substantial increases over that same period, according to a Consumer Federation of America analysis auto insurance expenditures. The group attributes the …

Californians Lump Props. 32 and 33; a Referendum on the ‘B’ Word

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, …

Calif. Prop. 33 Defeated

Update: Californians Lump Props. 32 and 33; a Referendum on the ‘B’ Word   The second automobile insurance persistency initiative put to Californians in the last two years was defeated. California’s Proposition 33, the 2012 Automobile Insurance Discount Act, was …

California Commissioner Considering ‘Force-placed’ Regulations

A meeting slated for Thursday called for by California Insurance Commissioner Dave Jones to deal with “force-placed” insurance has cast the dye for debate on whether such insurance should be filed in the category of specialty lines or commodity. Other …

Portable Persistency Now Prop. 33; Consumer Watchdog Attacks

An initiative to establish portable persistency discounts for automobile insurance on Tuesday was assigned a number by the Secretary of State, and shortly afterward the newly named Proposition 33 came under attack by Santa Monica, Calif.-based Consumer Watchdog. Prop. 33, the …

Jones Clears Way for California’s ‘Principally At-Fault’ Regulations

California Insurance Commissioner Dave Jones on Wednesday announced the final approval of amended regulations that simplify the requirements for determining whether a driver is principally at-fault (PAF) for an accident, which impacts consumers’ ability to obtain good driver discounts under …