Joseph's proposals indicate that he wants to make key changes in the law, including how much weight to place on driving records, miles driven and driving experience when setting auto premiums.
It's far from certain that Joseph's proposal will end up on the ballot, or how it might fare with voters. But consumer activist Harvey Rosenfield, who wrote Proposition 103, said Joseph's campaign was tantamount to a declaration of war on auto insurance policyholders.
They put their guns on the table, said Rosenfield, head of the Santa Monica-based Foundation for Taxpayer and Consumer Rights. He said his group would join with other consumer advocates to protect Proposition 103, which he said has saved policyholders more than $23 billion.
The amount of money it would take to make voters trust insurance companies is incalculable," Schnur said. Insurance companies "probably rank right above the tobacco industry and right below used-car salesmen.
At 80 plus years old, I doubt his heart could take the stress...its a good thing to see him back down off his proposition proposals. His company would be a lot better off if he would take the money he was going to spend on the initiatives and plow it back into Mercury...orleave it to his heirs as I'm sure they wished.