Auto Insurance
Should Insurance Be Mandatory?
With the debate over the nation’s health-care system heating up – and getting stoked by Michael Moore’s “Sicko” – a contentious question has emerged: Should everyone be required to have health insurance, as drivers are compelled to have auto insurance?
Massachusetts’s answer: yes. Under the Bay State’s sweeping health-overhaul law, pressed by Republican former Gov. Mitt Romney, most adults are required to have health insurance by tomorrow. While Massachusetts was the first state to pose an “individual mandate,” it’s unlikely to be the last.
In California, Gov. Arnold Schwarzenegger is pushing an individual-insurance requirement as part of a health-care overhaul; …
Source : online.wsj.com
Leave a comment
Comments Already Given »
No comments yet.
Related Articles from Auto Insurance
Mandatory Auto Insurance Really Raises Rates
''Uninsured Drivers Create Other Kinds of Wreckage'' (front page, Sept. 3) suggests that enforcing mandatory automobile insurance laws has the favorable impact of reducing auto insurance rates. Every study on compulsory auto liability insurance has demonstrated that such laws accelerate the cost of such insurance. Enforcement increases the cost of administration to taxpayers and is ineffective. The purpose of liability insurance is to protect the assets of the offending party, not to provide solace for the injured. For that purpose, liability insurance is inefficient. A Department of Transportation study shows that only 44 percent of the dollars paid in reaches
Insurance Cut Rejected By Massachusetts Court
The Massachusetts Supreme Court declared unconstitutional today a mandatory 15 per cent rate reduction for property damage liability auto insurance. The reduction was part of the state's new "no-fault" auto insurance law. Source : select.nytimes.com
Drive safely with auto insurance
Third party insurance is mandatory: If you own a car, buying at least third party insurance is mandatory under law. You would be safer buying comprehensive insurance since repair/replacement costs are very high in case the car meets with an accident or is stolen. How much insurance should you buy: For a new car, the amount of insurance you buy would be equal to the price of the car. The problem arises with how much cover to buy in subsequent years. At the time of claim, the insurance company will pay you the market value of the car and not
Politics; Auto Insurance Takes On A New Political Life
THE State Senate guaranteed last week that automobile insurance would be a major issue in the fall elections. It amended legislation that would have limited an injured motorist's right to sue in return for some savings in premiums. THE State Senate guaranteed last week that automobile insurance would be a major issue in the fall elections. It amended legislation that would have limited an injured motorist's right to sue in return for some savings in premiums. The bill was changed to make the proposed new limit on lawsuits optional instead of mandatory. Governor Kean has been calling for a limit
Courting the Insured: Promises, Promises
With polls showing that at least one third of New Jersey voters identify the state's high auto insurance rates as their top concern, it is not surprising that both Governor Whitman and her Democratic opponent, state Senator James E. McGreevey, are telling voters what they want to hear, guaranteeing lower rates, if elected this fall. But can they deliver? After backing away from her plan last spring to give consumers the option of choosing lower rates in exchange for less coverage, Governor Whitman has revived her proposal. Only this time, she promises that drivers who decide to give up some