Auto Insurance

Related Articles from Auto Insurance

FORCED INSURANCE OF AUTOS FAVORED; Virtues of Plan Outweigh Its Faults, Says Report of State Agency to the Legislature INSURERS’ ’FEARS’ SCORED Study Urges Property as Well as Personal Liability Coverage, No Rate ’Strait-Jacket’

An exhaustive report that favors compulsory automobile insurance was submitted yesterday to every member of the State Legislature by the State Insurance Department. The document emphasized that in 1952 uninsured, financially irresponsible motorists will be involved in accidents causing losses of about $14,500,000 to residents of the state. Source : select.nytimes.com

Auto Insurance Fraud

It is disturbing to learn that New York is now considered the auto insurance fraud capital of the United States (news article, Jan. 10). Scam artists are ripping off the system, and honest citizens are paying for it. As you pointed out, the main reason auto insurers are raising their rates in New York is rampant fraud in no-fault insurance claims. Assembly Republicans are proposing to bring down the price of auto insurance and protect the long-term interests of consumers by setting deadlines for accident claims, creating standards for treatment of accident injuries and establishing a ''whistleblower'' incentive for fraud

California Regulator Takes Top Role in Insurance Crisis

John Garamendi, California's first elected Insurance Commissioner, stood before 500 angry policyholders of the failed Executive Life Insurance Company, answering their questions, trying to soothe their fears and getting a warm response when he promised, "I'm working for you." But almost in the next breath, Mr. Garamendi felt compelled to add that "I'm no miracle worker" when it comes to salvaging the wreckage of Executive Life. Policyholders, Mr. Garamendi told the subdued public meeting on Friday, still face the real risk of financial losses in the wake of his seizure of the Los Angeles-based insurer last month. And he repeatedly

A Recurring Theme Plays On: Auto Insurance

The gubernatorial campaign of United States Representative Robert E. Andrews released its first television advertisement yesterday. The Democratic primary is on June 3. PRODUCER -- Axelrod and Associates. ON THE SCREEN -- Scenes of highways, automobiles and Mr. Andrews in Congress. THE SCRIPT -- ''In Christie Whitman's New Jersey, auto insurance rates are out of control. Seventeen hikes in four years. Highest in the nation. Who's fighting back? Rob Andrews. In Congress, Andrews took on the big polluters, pension raiders and the N.R.A. for working families. As governor, he'll go after the insurance companies. He'll end automatic rate hikes and

Whitman and New Jersey Senate Reach Car Insurance Compromise

The State Senate and Gov. Christine Todd Whitman agreed tonight on a compromise auto insurance plan that promises a 15 percent rate reduction for most motorists but puts off until 2000 the highly contentious issue of how much more urban drivers can be charged. The compromise was drafted to satisfy Assembly Speaker Jack Collins, who had demanded that the current law's cap on premiums paid by urban drivers be eliminated. The compromise, which keeps the cap in place for two more years, was immediately taken to the Senate, which approved it tonight. The measure must be approved by the Assembly,