October 30, 1988 |
Insurance companies took in $9.7 billion in auto insurance premiums from California's car owners in 1987. That much everyone involved in the state's insurance initiative wars can agree upon. But the question of how much of that $9.7 billion the insurance companies are able to keep as profit has become a major stumbling block to voters trying to weigh the pros and cons of the five measures on the Nov. 8 ballot.
October 29, 1988 |
Spending in the insurance initiative fight on all sides reached at least $61,182,505 by Oct. 22, two weeks before the election, according to record-breaking contribution and spending reports made available Friday. With many expenditures still to come, the amount is about 2 1/2 times what has ever been spent before for a California political contest.
September 22, 1988 |
A new California Field Poll indicates that two insurance ballot initiatives reflecting trial lawyer and consumer views, Propositions 100 and 103, are winning, while two insurer-sponsored initiatives, Propositions 101 and 104, are losing. The poll results encouraged the lawyer and consumer sides Wednesday but were challenged by the insurers.
September 21, 1988 |
Based on his own polling, Harvey Englander, coordinator for Proposition 101, the November ballot initiative backed primarily by dissident insurance man Harry O. Miller, says Californians want lower auto insurance rates even if it means giving up some of their rights to recover damages. If Englander is right, Proposition 101 would seem to have excellent prospects at the ballot box. The measure promises a 50% cut in rates charged for the bodily injury component of auto insurance policies.
September 17, 1988 |
State Insurance Commissioner Roxani Gillespie suggested strongly here Friday that at least half of California's top auto insurance sellers are making such low profits that her department would not require them to comply with rate rollback provisions in Propositions 100 and 103.
September 11, 1988 |
The five insurance initiatives on the Nov. 8 ballot are so complicated that even state officials are having trouble figuring out how to explain them to voters. An exasperated Roxani Gillespie, state insurance commissioner, acknowledges that her department's effort to produce plain-language summaries of the convoluted measures has run into difficulty. In some cases, she said, drafts of the summaries are turning out to be longer than the initiatives themselves and not much easier to understand.