ACIC Says Premature to Expand Low-Cost Auto Insurance Program

August 10, 2005

  • August 10, 2005 at 1:39 am
    California at it again says:
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    If you cannot afford to have insurance, you should not drive a car. How hard is that to understand? The limits of this low cost insurance are basically no insurance when you consider how far it would go towards replacing a vehicle or medical costs. Right up there with no insurance at all. How did it get approved when it is half of the state required minimum limits?

  • August 10, 2005 at 2:41 am
    Dean Blake, J.D. says:
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    This program is a way to releive the political presure on the legislature to impliment the computerized reporting system of no insurance:: no registration renewal which is pending via other legislation.

    It is also a foot in the door to eliminate brokers and agents and go to a direct purchase system like the airlines. Seen any travel agencies in strip malls lately?

    The ultimate goal is a British Columbia style system without insurers or reserves at all. Its sponsored by the same people who brought us the pay-at-the-pump Initiative. It allows non-insurance qualified dot-com computer mogules from Northern California to get into the insurance business without all the CDI safeguards. Its modeled after the old Workers Compensation system; monied old-line California families like the Freemonts made millions for decades until the system collapsed. The dot-com millionaires want that deal for themselves, too.



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