Midwest News
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Insurer Groups at Odds with Proposed Wisconsin Auto Insurance Bill
Midwest News • June 23, 2009
Wisconsin lawmakers are considering legislation that would increase costs for low- and middle-income insurance consumers, according to the National Association of Mutual Insurance Companies ...
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| Subject | Posted By | Posted On |
|---|---|---|
| RE: RE: MISLEADING | Lillie | Aug 3, 2009, 8:42 pm |
| Hey Lillie | Country Phil | Jul 5, 2009, 10:15 am |
| law passes mand. auto insurance in WI!!!!!!!!!! | lillie | Jul 1, 2009, 10:01 am |
| RE: RE: finally some common sense | Jim | Jun 24, 2009, 8:39 am |
| This will backfire. | fighting saints | Jun 24, 2009, 8:17 am |
| RE: finally some common sense | wudchuck | Jun 24, 2009, 6:05 am |
| finally some common sense | common sense | Jun 23, 2009, 6:41 pm |
| Educate Me | Steve | Jun 23, 2009, 4:22 pm |
| Misleading | sandman | Jun 23, 2009, 1:31 pm |
| RE: RE: MISLEADING | Ray | Jun 23, 2009, 1:30 pm |
| RE: MISLEADING | Steve | Jun 23, 2009, 1:24 pm |
| RE: MISLEADING | D | Jun 23, 2009, 1:22 pm |
| MISLEADING | Ray | Jun 23, 2009, 12:48 pm |
| Back to article | ||
Subject: RE: finally some common sense
1) michigan is a true-no-fault state and it does rely on the salary of the name-insured and co-named insured for premiums.
2) 100/300 although good coverage, but you might have folks that surcharges that are causing rates to be extreme or moderate. i think we have too many states that have 10/20/10 for minimum coverages. many states are trying to move to 25/50/25. there are a few states that have 50/100/25.
3) as far as items of enjoyment - according to the constitution, we have a right for a pursuit of happiness. if someone needs to have a stress relief, it might call for them to go out once a month to a ballgame or another event.
problem we have is that many folks are suing more than it should be. most of it driven by lawyers who are money hungry. they probably get first 25-50% of that settlement. the idea of insurance is to protect your assets, how many folks have a lot? not many! so there is a combination of things that could be done without truly raising rates by an amazing amount.