Auto Insurance
Car-Insurance Reform Bill Steers Claims Out of Court
A campaign to revise Connecticut’s auto-insurance system is provoking debate across the state, especially in this city where insurance is king and its palaces line the roads to the statehouse.
Automobile-insurance reform is difficult at best, as other states have found. In New Jersey, sweeping changes enacted in 1990 by Gov. Jim Florio have had mixed results. The Governor says he has cut rates for good drivers, but insurers complain that the state has imposed unreasonable restrictions that make it hardly worthwhile to do business.
In Connecticut, changes intended to rein in rising premiums have pitted two influential groups against each other: the insurance industry, which dominates Hartford’s business scene, and the state’s lawyers. The groups have exchanged insults, with the lawyers accusing the insurers of trying to recoup losses suffered in 1980’s real-estate investments that went sour, and the insurers claiming that lawyers have an obvious interest in fanning the flames of litigation, auto-related or otherwise.
The latest attempt at reform, which some lawyers insist on calling deform, made it through one legislative committee late last month only to be gutted by another. It is scheduled for a vote in the House of Representatives later this month. Revision of 1974 Code
More : query.nytimes.com
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The truth about insurance reform? It’s a matter of which ad you watch.
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