David Postman blogs today that Safeco and PEMCO insurance companies may take a pass on Referendum 67. a group called Consumers Against Higher Insurance Rates had filed a referendum to put to a public vote Engrossed Senate Substitute Bill 5726, which passed last session flying under the Orwellian banner "Insurance Fair Conduct Act."
There's more to say about all this, but start with Postman's blog and follow the links.
UPDATE Postman clarifies Safeco's position here.
Safeco has, in fact, committed to donating about $230,000 to the Ref. 67 campaign, adding to what is already a $650,000 campaign account to qualify the measure for the November ballot. But the company is also committed to working with Gov. Christine Gregoire, legislators and trial attorneys, to see if there can be agreement on a package of changes to the law.
At this time, it seems highly like that the initiative will gather the signatures required to qualify the referendum.
