No On Prop 17 Insurance Companies Don't Spend Millions on Initiatives To ... Fox and Hounds Daily (blog)
The California Department of Insurance recently cracked down on an insurance company that has been overcharging motorists, including men and women serving in the military, for 15 years.
That same company, Los Angeles-based Mercury Insurance, is bankrolling Proposition 17 on the June ballot. Mercury wants you to trust it when it says that its measure will save everyone money.
When was the last time an insurance company spent $14 million on a ballot initiative to lower your rates?
In fact, Mercury's Proposition 17 gives insurance companies the power to raise rates on millions of responsible Californians, which is why you should vote no.
This deceptively written initiative allows insurance companies to surcharge people who have not been previously insured - even if they are perfect drivers but weren't insured because they weren't driving or didn't own a car. Proposition 17 also penalizes anyone who had to drop coverage for more than 90 days over the last five years, or missed a single insurance payment.
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