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Rebates

NEWS
August 16, 1993 | From Times Wire Services
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.
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NEWS
June 10, 1992 | CARL INGRAM, TIMES STAFF WRITER
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.
NEWS
August 14, 1991 | KENNETH REICH, TIMES STAFF WRITER
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.
BUSINESS
September 2, 1998 | From Associated Press
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.
NEWS
October 10, 1991 | KENNETH REICH, TIMES STAFF WRITER
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.
NEWS
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.
NEWS
January 28, 1995 | THOMAS S. MULLIGAN, TIMES STAFF WRITER
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.
NEWS
June 11, 1992 | CARL INGRAM, TIMES STAFF WRITER
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.
BUSINESS
April 5, 1990 | From Associated Press
American Airlines Inc., looking for ways to increase traffic and also eliminate free travel owed to millions of travelers, will let frequent fliers turn miles into money rebates on purchases ranging from cars to fur coats. The rebates, ranging from hundreds to thousands of dollars depending on the product and miles exchanged, will be paid directly to customers from the product makers, Michael W. Gunn, American's marketing vice president, said.
CALIFORNIA | LOCAL
October 22, 1998 | HUGO MARTIN, TIMES STAFF WRITER
A regional water board voted Wednesday to use its surplus to fund infrastructure improvements in 43 cities in Los Angeles County rather than return $50 million to customers. The Water Replenishment District of Southern California, which supplies ground water to 3.5 million people in a 430-square-mile area from Redondo Beach to City of Commerce, accumulated a $60-million budget surplus last year--in part because of El Nino storms that bolstered underground water supplies.
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