LOS ANGELES, Oct. 10, 2012 /PRNewswire/ -- The Los Angeles County Business Federation (BizFed) and the Valley Industry and Commerce Association (VICA), representing over 200,000 businesses in Southern California, announced their support for Proposition 33. BizFed and VICA join a growing list of business organizations supporting more competition and lower insurance prices for consumers according to Vote Yes on Prop 33.
"Giving consumers the freedom to change insurance companies without losing their discount will increase competition among insurance companies, helping to lower rates for all of us and insure more drivers to make our roads safer," said Tracy Rafter, CEO of BizFed. "Proposition 33 will bring California up to par with 48 other states."
"More competition is good for business and is good for California. California drivers deserve to be rewarded for maintaining their car insurance," said Stuart Waldman, President of VICA. "Fundamentally, we support policies where businesses will grow and people get to put more money back into their pockets."BizFed and VICA have been Southern California's premier and leading business advocacy organizations that promote the collective and cooperative voice for the business community. Together they represent over 200,000 businesses and over 3 million employees. Other BizFed members have joined the growing coalition including: Asian Business Association Los Angeles, Chinese Chamber of Commerce, Arcadia Chamber of Commerce, South Bay Association of Chambers of Commerce, Torrance Area Chamber of Commerce, Regional San Gabriel Valley Chamber of Commerce, Los Angeles Metropolitan Chamber of Commerce, and LAX Coastal Chamber of Commerce. About the Los Angeles County Business Federation: The Los Angeles County Business Federation (BizFed) is a modern-day grassroots alliance of top business associations that counts as its members industry trade groups, chambers of commerce, ethnic business groups, business improvement districts along with premier independent companies and agencies to collectively advance public agendas for strong sustainable economic vitality. BizFed's mission is to dramatically underline—and efficiently mobilize— the scale and strength of business owners and leaders as catalysts for meaningful change to ensure a healthy and vibrant economy.