![]() |
Thursday, February 23, 1995 Home Edition Section: Metro Page: B-6 No Shilly-Shallying --Mail the Rebates; Some insurance companies don't give up
easily; The industry mounted a long and expensive legal challenge to the reforms of 103
beginning one day after voters approved it. The initiative called for auto, homeowner and
commercial property insurers to roll back So now, after a six-year wait, California auto policyholders will receive rebates of more than $2 billion, or about $200 a piece, for premiums paid in 1988 and 1989. Quackenbush has called on insurers to meet with his staff, settle on the amount of rebates they owe and send out checks. Voters approved Proposition 103 out of frustration over soaring insurance premiums.
Legal wrangling between consumer groups and insurers is likely to continue, but meanwhile
Quackenbush must operate in good faith to protect consumer interests. |
Attention! All information contained herein is for educational purposes only. No copyright infringement is intended by any material on these pages. The copyrights of the whole multimedia content on these pages are belonging to their originators, authors, creators... etc. All original content is the property of it's originators. Copyrighted material has been used for non-commercial purposes only. This website is best viewed with your monitor resolution set to 800x600 and your video mode set to true color. |