T■ By Thomas Elias / Columnist he 1988 Proposition 103 has saved California consumers more than $100 billion in excessive auto insurance premiums since voters passed it by a slim 51-49 percent margin, probably the reason for an unrelenting legal onslaught by the insurance industry. No one has calculated the accompanying savings in prices for homeowners insurance and other property coverage, but they’ve also been substantial. The brainchild of longtime consumer advocate Ralph Nader and his onetime California protégé Harvey Rosenfield, Prop. 103 is the rare initiative that keeps living up to its original promise – saving consumers and businesses about 20 percent of what they would otherwise spend on car
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