🚀 go-pugleaf

Michael Adams (msadams@netcom.com) wrote:
: The L.A. Times ran an article yesterday regarding a report from the 
: Proposition 103 Enforcement Project.  It said that rates have risen 
: FASTEST in states with mandatory no-fault systems such as Massachusetts, 
: Michigan, New York and Colorado.  
: Now's here's the clincher:  3 states have repealed their no-fault laws-New
: Jersey, Georgia, and Connecticut!  After the no-fault repeal, all three
: states saw sharp drops in insurance premiums, although, in two, New
: Jersey, and Georgia, they mandated reductions of 10% and 15%,
: respectively. 
: Finally, it appears people are seeing the light on no-fault insurance.  
: It doesn't benefit anyone except the insurance companies.

The SJ Mercury News had an article on the forthcoming no fault
propositions in California. It pointed out that there is quite
a bit of variation in the no fault laws. NONE are completely
no fault. All contain some sort of provision that allows people
to sue. Since the point of no fault is to lower costs by eliminating
the need and expense to sue, the cost benefits varies with how
strict are the restrictions on suing. In fact many of the early
"no fault" laws that were proposed were actually attempts by
the trial lawyers to continue on with business as usual under
their "no fault" plan. Trial lawyers are the big beneficiaries
of the current suit system. They are against any true no fault
system.

			   Danny Low
    "Question Authority and the Authorities will question You"
	   Valley of Hearts Delight, Silicon Valley
	     HP NSD   dlow@ppg01.sc.hp.com