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Article #1746Re: No Fault Insurance Never Goes Away
From: Sean Garrett
Date: Thu, 22 Feb 1996 00:00
Date: Thu, 22 Feb 1996 00:00
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Something like 25% of California motorists are uninsured. Studies by the Rand Corp. estimate that they cause up to 40% of the "at-fault" accidents in California. The cheapest plan under no-fault ($50,000 of coverage), the Rand Corp estimates, will cost nearly 70% less than the cheapest plans now. Thus, more people will obey the law, and get insured. You have to ask yourself if this makes sense. In the present system, lawyers pocket $2.5 billion every year. Another $3 billion of our insurance premiums go to pay for lawyer-induced fraud. Moreover, drivers who buy insurance end up paying more than $1 billion for uninsured motorists who sue them when they get in an accident. If you take these costs out, your premium will cost less. ThatοΏ½s something voters made sure of when they voted Proposition 103 into law in 1988.
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X-Google-Language: ENGLISH,ASCII X-Google-Thread: 104eff,f9d6ca94cd535210 X-Google-Attributes: gid104eff,public X-Google-Thread: 102fd5,f9d6ca94cd535210 X-Google-Attributes: gid102fd5,public X-Google-Thread: 10001a,f9d6ca94cd535210 X-Google-Attributes: gid10001a,public X-Google-Thread: 107d03,f9d6ca94cd535210 X-Google-Attributes: gid107d03,public From: pbngarrett@aol.com (Sean Garrett) Subject: Re: No Fault Insurance Never Goes Away Date: 1996/02/22 Message-ID: <pbngarrett-2202961125570001@l68.ip.quake.net> X-Deja-AN: 140580243 references: <msadamsDMupqu.374@netcom.com> <4g7t2m$1bc@cloner4.netcom.com> <4g8mpq$c18@ixnews5.ix.netcom.com> organization: PBN newsgroups: la.general,ca.politics,ba.politics,ca.driving