California Court Rejects Industry’s Challenge to Prop 103 Regulation

  Thursday, January 22nd, 2015 Source: PR Newswire

The Sacramento Superior Court has rejected an attack by Mercury and other insurance companies on state regulations that prevent insurance companies from making their policyholders pay for non-insurance expenses like political lobbying and sporting event sponsorships. The regulation is part of the landmark Prop 103 insurance reform initiative that has saved California drivers $102 billion since 1988, according to the Consumer Federation of America.

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