The Federal Government need not get involved in analyzing auto insurance affordability issues if state insurance departments and consumer organizations also do so. States which have affordability issues have often solved them without federal intervention. So, the insurers are correct in questioning the FICO’s report.
Public Law 15, aka McCarran-Ferguson provides the blueprint for protecting the public from insurance company abuses. Rather than seek for a federal solution; e.g. subsidies, states need to address their own problems internally. The USA is a Republic, not a Democracy. State governments need to begin taking more responsibility for their prior actions of governance.
Tumpolar, absolutely correct. The Republic also selected the President. Wow, did he hit the ground running or what? States should adopt the same kind of energetic leadership and solve their own problems. Many states have compulsory liability laws and yet millions run around without insurance, have at fault accidents which drive up rates of law abiding citizens. Enforce the law states.
I am close to inquiring with SIDs near me as to the impact of hit & run drivers on UM/UIM insurance, and how that tracked over time since Illegal Immigrants started flooding in with Dem control over the Congress and the White House. I expect a significant uptick with the same movement of Illegal Immigrants over the last two decades.
Yep. That’s what I was going to say. In most of the areas where insurance is deemed unaffordable, car ownership is, for a host of other reasons (cost/inconvenience of parking/garaging) unaffordable. Many people there choose not to own a car. There is no requirement to have insurance for those who do not own a car.
Did you ever try and drive in NY City? When I visited there, it was non stop congestion. Walking was quicker. I can see where tons of minor fender benders would happen on a daily basis. Not much Liability as most accident would occur under 10 MPH.
When I visit NYC, I try to steer my iceberg to the nearest bus terminal or subway station. I avoid taxis altogether, and the drivers of such are glad that I do. Must be my bad breath, after eating raw fish all day.
Well obviously their is a need for a federal program to provide “affordable car insurance” for all. Gotta think of an acronym since ACA has been used. Also need to start thinking about how much you will need to have as a penalty if you don’t have car insurance (you know like you don’t drive). But someone has to pay for the others. Oh yeah, regardless of your driving record you must be guaranteed great coverage at low cost (DWI’s – no problem).
Don’t need to subsidize something that will, in FUTURE decades, be much lower in cost because of significantly LOWER FREQUENCY OF COLLISIONS due to driver-less cars controlled by less fallible computers and sensors. The only collisions that will occur will be due to programming errors, bad GPS maps/ coords/ markers, and the residual driver-controlled vehicles grandfathered in.
Last night our governor gave his state of the state address (MN).
He collapsed on stage before he could finish. (He appears to be okay.) His remarks were heading toward an announcement of his push for a Public Option health care program to be sold by the Insurance Exchange. Minnesota would be the first statel in the union to do this. Our house and Senate are controlled by Repubicans and several of the key positions are held by insurance agents. Frankly — his chances of doing what he wants are NIL.
However, the Democrat’s desire to be the party of the downtrodden is relentless. Some of them actually believe that government is the solution to EVERYTHING. Our governor is a very nice person, Mark Dayton. His family have been civic and business leaders in our state for many, many years.
Hopefully Trump will put a bullet in the FIO’s head. Our state’s Insurance Exchange has cost over $300 million and counting and is a complete fiasco. Last night our governor was bragging that the on-hold time was about two and one half minutes during the enrollment period.
I know that the hold time was about 45 minutes for most of the key times. But that is beside the point, as the Insurance Exchange was supposed to be this slick online fully-automated portal.
If my agency gave that kind of service we would be out of business.
And yet, he wants to expand it.
The FIO set “unaffordable” at 2% of total income. How convenient when the average person makes about $50K and the average auto policy is about $1,000. That is a gross manipulation of the facts . . . alternative facts, if you will.
Insurance costs are a small fraction of what it takes to maintain an automobile. What next? Mandatory pricing on new cars? Gov’t regulated costs for oil changes? Mandated parking expense? subsidized tires?
The FIO is simply a shill for BIG GOVERNMENT wannabes
By the way — I consider myself to be a liberal. I supported Kasich but would have liked to have seen O’Malley get a better shot at it.
Is this to be blamed on Obama or is it Trump’s fault?
I like the part that the people who can’t afford the insurance are at a disadvantage because drivers have a better opportunity to get a job. Half the people in Miami are driving around with no insurance. Not having insurance isn’t a deterrent to driving, and it isn’t a deterrent to getting a job.
The article never mentions the limits they are using as the price point.
Typically the IJ article misses stuff. I read in another article that they’re using basic limits. The FIO paper itself says state financial responsibility limits.
Speaking of cars, Obama seems concerned about his legacy that is fast disappearing in front of his eyes. Some have suggested that if he really wanted a legacy, he should go down to the nearest Subaru dealer and get one.
Obama is about ‘me, me, me’, as evidenced by the number of times he referred to himself in NUMEROUS speeches about VARIOUS issues that are very important to US citizens.
The NARCISSIST-in-Chief is gone!
Long LIVE & SERVE the new POTUS!
There is a big difference in “I” and “We” TrumPolar. Narcissim goes hand in hand with Progressivism. Trump keeps saying “We” in all his policies and plans which indicates a dedicated team that knows what to do about solving our vexing problems in this country.
Whatever a man soweth, that shall he also reap. The affordability problems in these areas are largely driven by unprincipled lawyers, profligate juries and craven, corrupt judges, that is at least on the liability side. Ultimately the collective “you” will give as much as you get. Those who find it unaffordable are largely the ones who, with their enablers, have made it unaffordable.
Owning a car is necessary for many who have limited income. Mandatory insurance is ignored by many because they need to pay rent and eat first. The law needs to be done away with. Uninsured Motorist coverage is already needed and carried by most.
Subsidies is a HORRIBLE idea.
Driverless cars, although at least a decade away from being commonplace, will lower accident frequency, and thus lower pure premiums.
Hopefully, enforcing ILLEGAL IMMIGRATION LAWS will reduce UM premiums via lower frequency of hit & run accident losses caused by ILLEGAL ALIENS who were issued drivers licenses by Blue states.
TrumPolar, all the southern border states have problems with illegally issued licenses, Socials, Green Card counterfeits etc. It is big business. Recently, one of my commercial insured’s wanted to hire a couple of Hispanics to drive his vehicles and thought they were legal. Sent me a picture of their licenses and the only thing correct was his picture on it. Needless to say, they were rejected by the company.
Driverless cars, although at least a decade away from being commonplace, will lower accident frequency, and thus lower pure premiums.
Hopefully, enforcing ILLEGAL IMMIGRATION LAWS will reduce UM premiums via lower frequency of hit & run accident losses caused by ILLEGAL ALIENS who were issued drivers licenses by Blue states.
TrumPolar, little uw has been busy on the downvoting today. By the way, the sanctuary cities/states have now been put on notice that their federal funds will be withheld by not upholding the law of the United States of America, a Republic, not a Democracy. Obama’s catch and release program will also go by the wayside.
Let’s see the Progressives wail now that we have a strong leader pledged to defend American citizens.
The US-Mexico Wall will be the Libitterals Wailing Wall… in a different sense than the one in Israel.
They’ll wail that no new ‘undocumented Dem voters’ will be allowed to enter the US illegally.
Those immigrants that enter the US after the Wall is built will be much more loyal to the US, and won’t be sending money back to their birth country – to which they remain loyal.
Perhaps Pink Floyd will reform to play a concert at the new Wall? Mother did it have to be so hiiiiigh?
January 25, 2017 at 2:14 pm
TrumPolarBear says:
Like or Dislike:
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Re-POSTED on behalf of Agent:
TrumPolar, all the southern border states have problems with illegally issued licenses, Socials, Green Card counterfeits etc. It is big business. Recently, one of my commercial insured’s wanted to hire a couple of Hispanics to drive his vehicles and thought they were legal. Sent me a picture of their licenses and the only thing correct was his picture on it. Needless to say, they were rejected by the company.
Wrong. The PROPER idea to encourage responsibility is to enact laws similar to No-Fault laws, if not exactly those laws, with tort thresholds that increase with an index tied to medical cost inflation.
If you knew ANYTHING about auto insurance, you wouldn’t have made such a dumb suggestion.
UM premiums will increase by HYUUUUUUUUUGE percentages if mandatory liability insurance laws are repealed. The costs will NOT GO AWAY. They will be shifted to the UM coverage. Were you one of the people Obama hired to draft the ACA? By your lack of understanding of insurance claim costs, you seems qualified to write parts of such a disaster.
Wrong. The PROPER idea to encourage responsibility is to enact laws similar to No-Fault laws, if not exactly those laws, with tort thresholds that increase with an index tied to medical cost inflation.
If you knew ANYTHING about auto insurance, you wouldn’t have made such a dumb suggestion.
UM premiums will increase by HYUUUUUUUUUGE percentages if mandatory liability insurance laws are repealed. The costs will NOT GO AWAY. They will be shifted to the UM coverage. Were you one of the people Obama hired to draft the ACA? By your lack of understanding of insurance claim costs, you seems qualified to write parts of such a disaster
Wrong. The PROPER idea to encourage responsibility is to enact laws similar to No-Fault laws, if not exactly those laws, with tort thresholds that increase with an index tied to medical cost inflation.
If you knew ANYTHING about auto insurance, you wouldn’t have made such a dumb suggestion.
UM premiums will increase by HYUUUUUUUUUGE percentages if mandatory liability insurance laws are repealed. The costs will NOT GO AWAY. They will be shifted to the UM coverage. Were you one of the people Obama hired to draft the ACA? By your lack of understanding of insurance claim costs, you seems qualified to write parts of such a disaster.
All those area they cited everyone ownes a car, in California you can go to pick a part and make a car. Here is the kicker, none of them buy insurance, not health insurance, not car insurance, not life insurance. But they all have the internet connections all have the latest smart phones, all spend their money on other things, instead of obeying the law.. Let Mr. Hunter start pushing again for no fault insurance. You pay for yours I pay for mine and the lawyers can go fish.
Broker Boy, if you are unfortunate enough to live in Mexifornia, I feel for you. They are descending into a state of anarchy. UCal Berkley proved that just last night.
The Federal Government need not get involved in analyzing auto insurance affordability issues if state insurance departments and consumer organizations also do so. States which have affordability issues have often solved them without federal intervention. So, the insurers are correct in questioning the FICO’s report.
Public Law 15, aka McCarran-Ferguson provides the blueprint for protecting the public from insurance company abuses. Rather than seek for a federal solution; e.g. subsidies, states need to address their own problems internally. The USA is a Republic, not a Democracy. State governments need to begin taking more responsibility for their prior actions of governance.
Tumpolar, absolutely correct. The Republic also selected the President. Wow, did he hit the ground running or what? States should adopt the same kind of energetic leadership and solve their own problems. Many states have compulsory liability laws and yet millions run around without insurance, have at fault accidents which drive up rates of law abiding citizens. Enforce the law states.
I am close to inquiring with SIDs near me as to the impact of hit & run drivers on UM/UIM insurance, and how that tracked over time since Illegal Immigrants started flooding in with Dem control over the Congress and the White House. I expect a significant uptick with the same movement of Illegal Immigrants over the last two decades.
In urban packed areas such as New York City, wouldn’t a lot of the people rely on public transportation and not need auto insurance?
Yep. That’s what I was going to say. In most of the areas where insurance is deemed unaffordable, car ownership is, for a host of other reasons (cost/inconvenience of parking/garaging) unaffordable. Many people there choose not to own a car. There is no requirement to have insurance for those who do not own a car.
Did you ever try and drive in NY City? When I visited there, it was non stop congestion. Walking was quicker. I can see where tons of minor fender benders would happen on a daily basis. Not much Liability as most accident would occur under 10 MPH.
It was absolutely crazy.
FFA, when I was there, it was bumper to bumper taxi’s and some trucks.
When I visit NYC, I try to steer my iceberg to the nearest bus terminal or subway station. I avoid taxis altogether, and the drivers of such are glad that I do. Must be my bad breath, after eating raw fish all day.
FFA, State Farm just reported an underwriting loss of $7 Billion. What is wrong with that picture?
There is also a compelling point: no-one has a ‘right’ to have auto insurance, cheap or otherwise.
Perhaps we could get a few good tips from The State Of New Hampshire where mandatory auto insurance is not required under certain conditions.
Nope. Sounds like a slippery slope idea … pardon the New England winter time pun. :)
Well obviously their is a need for a federal program to provide “affordable car insurance” for all. Gotta think of an acronym since ACA has been used. Also need to start thinking about how much you will need to have as a penalty if you don’t have car insurance (you know like you don’t drive). But someone has to pay for the others. Oh yeah, regardless of your driving record you must be guaranteed great coverage at low cost (DWI’s – no problem).
Don’t need to subsidize something that will, in FUTURE decades, be much lower in cost because of significantly LOWER FREQUENCY OF COLLISIONS due to driver-less cars controlled by less fallible computers and sensors. The only collisions that will occur will be due to programming errors, bad GPS maps/ coords/ markers, and the residual driver-controlled vehicles grandfathered in.
Last night our governor gave his state of the state address (MN).
He collapsed on stage before he could finish. (He appears to be okay.) His remarks were heading toward an announcement of his push for a Public Option health care program to be sold by the Insurance Exchange. Minnesota would be the first statel in the union to do this. Our house and Senate are controlled by Repubicans and several of the key positions are held by insurance agents. Frankly — his chances of doing what he wants are NIL.
However, the Democrat’s desire to be the party of the downtrodden is relentless. Some of them actually believe that government is the solution to EVERYTHING. Our governor is a very nice person, Mark Dayton. His family have been civic and business leaders in our state for many, many years.
Hopefully Trump will put a bullet in the FIO’s head. Our state’s Insurance Exchange has cost over $300 million and counting and is a complete fiasco. Last night our governor was bragging that the on-hold time was about two and one half minutes during the enrollment period.
I know that the hold time was about 45 minutes for most of the key times. But that is beside the point, as the Insurance Exchange was supposed to be this slick online fully-automated portal.
If my agency gave that kind of service we would be out of business.
And yet, he wants to expand it.
The FIO set “unaffordable” at 2% of total income. How convenient when the average person makes about $50K and the average auto policy is about $1,000. That is a gross manipulation of the facts . . . alternative facts, if you will.
Insurance costs are a small fraction of what it takes to maintain an automobile. What next? Mandatory pricing on new cars? Gov’t regulated costs for oil changes? Mandated parking expense? subsidized tires?
The FIO is simply a shill for BIG GOVERNMENT wannabes
By the way — I consider myself to be a liberal. I supported Kasich but would have liked to have seen O’Malley get a better shot at it.
FYI he has cancer,which you may have seen,the time stamps here vary sometimes.
Your diatribe is “alternative” B.S.!
Not so.
Perhaps we can get some good tips from The State Of New Hampshire where auto insurance is not mandatory under certain conditions.
teetotaler said the EXACT same thing above. SPAMMER!
So, I’ll re-post my reply:
Nope. Sounds like a slippery slope idea … pardon the New England winter time pun. :)
Is this to be blamed on Obama or is it Trump’s fault?
I like the part that the people who can’t afford the insurance are at a disadvantage because drivers have a better opportunity to get a job. Half the people in Miami are driving around with no insurance. Not having insurance isn’t a deterrent to driving, and it isn’t a deterrent to getting a job.
The article never mentions the limits they are using as the price point.
Typically the IJ article misses stuff. I read in another article that they’re using basic limits. The FIO paper itself says state financial responsibility limits.
Speaking of cars, Obama seems concerned about his legacy that is fast disappearing in front of his eyes. Some have suggested that if he really wanted a legacy, he should go down to the nearest Subaru dealer and get one.
Obama is about ‘me, me, me’, as evidenced by the number of times he referred to himself in NUMEROUS speeches about VARIOUS issues that are very important to US citizens.
The NARCISSIST-in-Chief is gone!
Long LIVE & SERVE the new POTUS!
There is a big difference in “I” and “We” TrumPolar. Narcissim goes hand in hand with Progressivism. Trump keeps saying “We” in all his policies and plans which indicates a dedicated team that knows what to do about solving our vexing problems in this country.
Whatever a man soweth, that shall he also reap. The affordability problems in these areas are largely driven by unprincipled lawyers, profligate juries and craven, corrupt judges, that is at least on the liability side. Ultimately the collective “you” will give as much as you get. Those who find it unaffordable are largely the ones who, with their enablers, have made it unaffordable.
Owning a car is necessary for many who have limited income. Mandatory insurance is ignored by many because they need to pay rent and eat first. The law needs to be done away with. Uninsured Motorist coverage is already needed and carried by most.
Subsidies is a HORRIBLE idea.
Hopefully, when we get back to full employment vs the underemployment we currently have, the affordably issue will go away.
With better jobs comes better ability to pay.
Driverless cars, although at least a decade away from being commonplace, will lower accident frequency, and thus lower pure premiums.
Hopefully, enforcing ILLEGAL IMMIGRATION LAWS will reduce UM premiums via lower frequency of hit & run accident losses caused by ILLEGAL ALIENS who were issued drivers licenses by Blue states.
TrumPolar, all the southern border states have problems with illegally issued licenses, Socials, Green Card counterfeits etc. It is big business. Recently, one of my commercial insured’s wanted to hire a couple of Hispanics to drive his vehicles and thought they were legal. Sent me a picture of their licenses and the only thing correct was his picture on it. Needless to say, they were rejected by the company.
Re-POSTED:
Driverless cars, although at least a decade away from being commonplace, will lower accident frequency, and thus lower pure premiums.
Hopefully, enforcing ILLEGAL IMMIGRATION LAWS will reduce UM premiums via lower frequency of hit & run accident losses caused by ILLEGAL ALIENS who were issued drivers licenses by Blue states.
TrumPolar, little uw has been busy on the downvoting today. By the way, the sanctuary cities/states have now been put on notice that their federal funds will be withheld by not upholding the law of the United States of America, a Republic, not a Democracy. Obama’s catch and release program will also go by the wayside.
Let’s see the Progressives wail now that we have a strong leader pledged to defend American citizens.
The US-Mexico Wall will be the Libitterals Wailing Wall… in a different sense than the one in Israel.
They’ll wail that no new ‘undocumented Dem voters’ will be allowed to enter the US illegally.
Those immigrants that enter the US after the Wall is built will be much more loyal to the US, and won’t be sending money back to their birth country – to which they remain loyal.
Perhaps Pink Floyd will reform to play a concert at the new Wall? Mother did it have to be so hiiiiigh?
Re-POSTED on behalf of Agent:
TrumPolar, all the southern border states have problems with illegally issued licenses, Socials, Green Card counterfeits etc. It is big business. Recently, one of my commercial insured’s wanted to hire a couple of Hispanics to drive his vehicles and thought they were legal. Sent me a picture of their licenses and the only thing correct was his picture on it. Needless to say, they were rejected by the company.
Wrong. The PROPER idea to encourage responsibility is to enact laws similar to No-Fault laws, if not exactly those laws, with tort thresholds that increase with an index tied to medical cost inflation.
If you knew ANYTHING about auto insurance, you wouldn’t have made such a dumb suggestion.
UM premiums will increase by HYUUUUUUUUUGE percentages if mandatory liability insurance laws are repealed. The costs will NOT GO AWAY. They will be shifted to the UM coverage. Were you one of the people Obama hired to draft the ACA? By your lack of understanding of insurance claim costs, you seems qualified to write parts of such a disaster.
Re-POSTED:
Wrong. The PROPER idea to encourage responsibility is to enact laws similar to No-Fault laws, if not exactly those laws, with tort thresholds that increase with an index tied to medical cost inflation.
If you knew ANYTHING about auto insurance, you wouldn’t have made such a dumb suggestion.
UM premiums will increase by HYUUUUUUUUUGE percentages if mandatory liability insurance laws are repealed. The costs will NOT GO AWAY. They will be shifted to the UM coverage. Were you one of the people Obama hired to draft the ACA? By your lack of understanding of insurance claim costs, you seems qualified to write parts of such a disaster
Re-Posted a SECOND TIME because libitterals aren’t mature enough to handle defeat gracefully and remain intent on censoring the winners’ thoughts…
*******************************************************************
Wrong. The PROPER idea to encourage responsibility is to enact laws similar to No-Fault laws, if not exactly those laws, with tort thresholds that increase with an index tied to medical cost inflation.
If you knew ANYTHING about auto insurance, you wouldn’t have made such a dumb suggestion.
UM premiums will increase by HYUUUUUUUUUGE percentages if mandatory liability insurance laws are repealed. The costs will NOT GO AWAY. They will be shifted to the UM coverage. Were you one of the people Obama hired to draft the ACA? By your lack of understanding of insurance claim costs, you seems qualified to write parts of such a disaster.
All those area they cited everyone ownes a car, in California you can go to pick a part and make a car. Here is the kicker, none of them buy insurance, not health insurance, not car insurance, not life insurance. But they all have the internet connections all have the latest smart phones, all spend their money on other things, instead of obeying the law.. Let Mr. Hunter start pushing again for no fault insurance. You pay for yours I pay for mine and the lawyers can go fish.
Broker Boy, if you are unfortunate enough to live in Mexifornia, I feel for you. They are descending into a state of anarchy. UCal Berkley proved that just last night.