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Mar 02, 2000
CONTACT: Doug Heller 310-392-0522 ext. 309
Allstate Adds $5 Million to $50 Million Campaign Against Props. 30 and 31
Insurance Industry Spends $22 Million on Advertisements AloneAllstate Insurance Company added a $5 million check to the insurance industry campaign against California Propositions 30 and 31. If approved by voters the referenda would enact laws signed by Governor Davis in 1999 that provide innocent accident victims the right to sue an insurance company that denies, delays or low-balls a legitimate insurance claim.
Allstate joins State Farm and Farmers Insurance to account for over $40 million of the $50 million paid to the no on 30/31 committee, which is known officially as "Consumers Against Fraud and Higher Insurance Costs." 100% of the contributions against the propositions have been made by insurance companies.
The media driven campaign has spent over $22 million placing advertisements, running a variety of television and radio ads throughout the state. The companies have also spent nearly $1.2 million purchasing endorsements in slate mailings. Additionally, the insurance companies have paid tens of thousands of dollars to campaign spokespeople and groups whose names have been used prominently in the campaign. The payments include:
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