INSURANCE-BACKED INITIATIVE DECEIVES CONSUMERS, SAY PUBLIC INTEREST GROUPS
By Miriam Raftery
May 28, 2010 (San Diego) – Mercury Insurance is the sole sponsor of Proposition 17, though it hides its identity behind the deceptively name Campaign for Consumer Rights. Mercury wants to repeal portions of a law that prohibit it from charging higher rates to consumers who dropped insurance coverage for 90 days, missed a single payment, or were not previously insured (even if a teen had a perfect record driving a paren'ts car).
Yesterday, Assembly Veterans Affairs Committee Chair Mary Salas held a press conference with Votevets.org chairman Jon Soltz to warn that Prop 17 unfairly penalizes veterans who drop coverage while serving overseas or in the U.S. “Soldiers and veterans would be required to pay up to $1,000 more a year for auto insurance when they sought to restart coverage,” Salas cautions.