September 3, 2003 |
DaimlerChrysler's Chrysler unit, the third-largest U.S. automaker, is adding incentives to most 2004 models to compete with General Motors Corp. and Ford Motor Co. and reverse a 4.7% sales decline this year. "Instead of following, we're trying to aggressively set the pattern for incentives," spokesman James Kenyon said. The rebates, from $500 to $3,000 on almost all 2004 models, replace incentives of up to $2,000 offered on nine models in August, Kenyon said.
August 16, 1993 |
Safeco Corp. plans to pay $40 million to its California insurance customers in order to settle a four-year fight with state regulators. The payout was required under Proposition 103, a 1988 state ballot measure that required insurance rate reductions and some premium rebates. Since then, several companies have been arguing with California regulators over the amount of the rebate. A company spokeswoman said Seattle-based Safeco spent $2 million in outside legal fees on the fight.
June 10, 1992 |
For the third time, an appointee of Gov. Pete Wilson has blocked state Insurance Commissioner John Garamendi's embattled program to hasten the delivery of more than $2 billion in long-promised rebates to millions of California motorists, it was announced Tuesday. Wilson twice before reversed identical actions by Marz Garcia, director of the state Office of Administrative Law, on the politically sensitive issue of insurance premium rebates.
August 14, 1991 |
State Insurance Commissioner John Garamendi and the state Office of Administrative Law reconciled their differences Tuesday and the office approved, one day after the original deadline, Garamendi's emergency regulations for ordering Proposition 103 premium rebates to millions of California policyholders. The agreement gives Garamendi the go-ahead to announce the first general rebate figures on Thursday.
September 2, 1998 |
Hefty discounts to move out 1998 models helped Chrysler Corp., Toyota Motor Corp. and Nissan Motor Corp. post higher U.S. sales in August, according to figures released by auto makers Tuesday. Honda Motor Co. was a major exception to the upward trend. Chrysler said its sales rose 4% from a year ago, better than analysts expected. Its car sales were up 17%, due to rebates of $1,000 and $1,500 on its mid-size cars and strong sales of its new generation of full-size sedans. The No.
October 10, 1991 |
A Northern California medical malpractice insurer Wednesday became the first company to reach a deal with Insurance Commissioner John Garamendi to voluntarily return money to customers in compliance with the rollback provisions of Proposition 103. NORCAL Mutual, which insures about 9,000 doctors, entered into a formal agreement to return $19.9 million to California customers who held policies in 1989. The rebates will include about $4.5 million in accrued interest.
July 23, 1992
Residents who purchase mulching lawn mower blades, compost bins or chipper shredders can receive a rebate from the city, the City Council decided Monday. As part of its effort to reduce the amount of waste that goes to landfills, the council authorized a $10 rebate for mulching mower blades and for compost bins, and a $25 rebate for chipper shredders. Residents who purchase these items can bring a receipt or proof of purchase to City Hall for the rebate.
January 28, 1995 |
Twentieth Century Insurance Co., which has led the insurance industry's six-year war on Proposition 103, threw in the towel Friday, agreeing to drop its legal challenge to the 1988 rate-cutting initiative and pay its policyholders rebates of as much as $78 million.
June 11, 1992 |
State Insurance Commissioner John Garamendi called on Gov. Pete Wilson on Wednesday to fire the state official who has sought to block $2 billion in Proposition 103 rebates to insured drivers and homeowners. If Wilson fails to remove the official, Marz Garcia, director of the state Office of Administrative Law, Garamendi said, the state Senate should do so.
February 11, 1992 |
The Legislature appealed Monday to Gov. Pete Wilson to kick away a bureaucratic barrier imposed by one of his appointees and hasten the granting of $2.5 billion in rebates to California insurance customers under Proposition 103. The Senate overrode Republican objections to an advisory resolution adopted by the Assembly and sent it to Wilson on a 22-7 vote. The measure by Assemblyman Byron D. Sher (D-Palo Alto) is non-binding on Wilson.