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Article #1740Re: No Fault Insurance Never Goes Away
From: Sean Garrett
Date: Wed, 21 Feb 1996 00:00
Date: Wed, 21 Feb 1996 00:00
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Under Proposition 200 � the pure no-fault initiative - on the March ballot, the Rand Corporation estimates that your rates will go down by 25 to 35 percent. How? Easy. When you take the lawyers, uninsured motorists, and fraud out of the system, you take $6 billion out of the what the insurance industry charges us. And, under Prop 103, the insurance industry's profits are regulated, so with a $6 billion drop in costs, rates will have to come down. As far as rates going up in other states, that is only because those states had MODIFIED no-fault, not PURE no-fault. That means they had thresholds for whem you can sue. Obviously, if you have a $2,000 threshold for medical costs, people are going to find a way to be sure that they have $2,000 in costs, so they can sue.
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X-Google-Language: ENGLISH,ASCII X-Google-Thread: 102fd5,f9d6ca94cd535210 X-Google-Attributes: gid102fd5,public X-Google-Thread: 104eff,f9d6ca94cd535210 X-Google-Attributes: gid104eff,public X-Google-Thread: 107d03,f9d6ca94cd535210 X-Google-Attributes: gid107d03,public X-Google-Thread: 10001a,f9d6ca94cd535210 X-Google-Attributes: gid10001a,public From: pbngarrett@aol.com (Sean Garrett) Subject: Re: No Fault Insurance Never Goes Away Date: 1996/02/21 Message-ID: <pbngarrett-2002961631050001@l68.ip.quake.net> X-Deja-AN: 140319358 references: <msadamsDMupqu.374@netcom.com> <4g7t2m$1bc@cloner4.netcom.com> <mcaldon-1902961327260001@la-dial1-18.wavenet.com> organization: PBN newsgroups: la.general,ca.politics,ba.politics,ca.driving