Skip to main content

Tag: Insurance Basics

California Proposition 103 Actually Harms Consumers

California Proposition 103: The Unintended Consequences for Consumers In 1988, California voters passed Proposition 103 by a narrow margin of 51.1% to 48.9%. Designed as a populist response to increasing California auto insurance rates, the proposition sought to protect consumers by limiting how insurance companies set rates. While the measure was intended to curb price increases and promote...

Continue reading