First Auto Policy Sold 110 Years Ago Today
National News • February 27, 2008
Today marks a significant anniversary in the history of insurance: 110 years since the first auto insurance policy.
That policy was sold in 1898 by Traveler's Insurance Co. to Dr. Truman Martin ...
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Subject: No Fault is Driving Your Costs Up
Posted On: March 7, 2008, 9:07 am CST
Posted By: Lovin' Chicago
Comment:
I live 20 minutes from downtown Chicago and the premiums for each of my 3 cars is $400 or less per year per vehicle. That's with a $100 collision ded and no comp deductibe. The rates are low because Illinois is a tort state...which means the politicians and lawyers haven't mucked up the insurance environment the way they have in New York, New Jersey, Florida and Michigan where they have convinced consumers that No Fault is in the consumer's best interest. The only ones that benefit from No Fault are the ambulance chasing attorneys and the docs they partner with to drive up medical bills to match the policy limits your politicians have legislated. Reform starts at the voting booth.
Subject: No Fault is Driving Your Costs Up