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Source:
Los Angeles Times
George Joseph, Mercury General Founder, Passes at 104
George Joseph, founder of Mercury General, a major California insurance company, died at age 104. He was a staunch free-market advocate who opposed Proposition 103, a 1988 law regulating auto insurance rates based on driving factors rather than residency. Throughout his career, he promoted a competitive, risk-based approach to auto insurance and was involved in ongoing battles with regulators over rate-setting and fees.
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