Monthly Archives: November 2011

Initiative to Expand California Prop 103 Ignites Insurance Battle

 

By Don Jergler  Insurance Journal

A ballot initiative to expand the scope of California’s Proposition 103 to include health insurance could also impact the auto insurance industry by challenging a long-sought-after initiative on auto insurance discounts for persistency, industry watchers say.

 

Santa Monica, Calif.-based advocacy group Consumer Watchdog, which filed the Insurance Rate Public Justification and Accountability Act on Wednesday, must get  500,000 signatures to qualify it for the Nov. 6, 2012 ballot. If the group gets the signatures, the health insurance rate initiative could be placed on the same ballot as the 2012 Auto Insurance Discount Act, which is near to qualifying for that ballot.

 

Either initiative would expand Prop 103. Prior
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