Prop. 103 decision called industry boon.

National Underwriter Property & Casualty-Risk & Benefits Management, June, 1989 by Brostoff, Steven

Prop. 103 Decision Called Industry Boon ANNANDALE, Va.--The California Supreme Court decision on Proposition 103 was a smashing victory for the insurance industry, an insurance industry scholar said recently. "The decision discredits simple-minded schemes proposed as solutions to the auto insurance problem," according to Emmett J.

Vaughan, dean and Partington Professor of Insurance, division of continuing education, University of Iowa, Iowa City, Iowa. The language guaranteeing insurers a fair rate of return is a reaffirmation of the constitutional protection of private property, he said at a teleconference on Prop 103 sponsored by the Independent Insurance Agents and Brokers of California, which is based in San Francisco. The 20 percent price rollback...

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