California Insurance

What is the choice of the race the most expensive in American history, except for a collection for the presidency force in California - and nobody runs once and for the office of communication.

What is more expensive on the choice of race in American history, except for a collection for the presidency force in California - and nobody runs once and for the office of communication.

The question is motor insurance. Voters confused a multitude of referendums in November-five of the vote. According to the results of their premiums, down 7 to 50 percent in return for claims on borders and other changes.

Insurance is an emotional topic in a state where the car is almost as much as the need for shelter and utilities. Faced with Brech premium, Californians have insurance with the revolutionary fervor of taxpayers, that the rebellion began 10 years ago, and dissemination throughout the country. The industry feared an extension

The insurance industry fears that the revolt is California - already built the anger of consumers in New Jersey, where rates are still higher than in California - and more than 250 insurance companies across the country have a fund $ 43 million to combat and offer them eigenen”no-fault”Plan at lower prices.

Trial Gegenläufige them are lawyers, consumer groups and others. The fight is expected to cost approximately $ 60 million and is by far the most expensive ever selection race in each federal state.

Voters vote for the month of May any or all proposals, which means that more than a passer. After the State of California, the right to receive a greater number of votes is a priority, but if other proposals on how to do more than 50 percent of votes, contain provisions which are not in the head, then go into force of these provisions as well.

The results could also unclear that the courts can classify them, especially if a few sentences to win at odds with each other. “A Bellwether State”

For several weeks, insurers and lawyers were studying the trade jabs - and misleading claims, many say - on television, radio and newspaper advertisements.

”California is a state leader - What happens here can not,’’said Donald H. McComber, Executive Vice President of Fireman’s Fund Insurance Company, is a leader in the industry’s efforts. ”All the world think we do a lot of money. We have too much money to communicate, which has no debt is gone and the fact that we sponsor.”

Insurers “no-fault proposal would have a motorist’s own insurance company to pay medical expenses and loss of wages and limit damages for pain and suffering and lawyers’ fees of success.

A plan of competitors provided by the test, lawyers unconventional action of the system, which means that the fault partly an accident of this party and insurers must pay, and it would be, new controls on the insurer. The stakes are enormous

A plan mounted by a group of consumers would strictly regulate rates. Another project itself, pain and suffering claims of up to 25 per cent of victims of economic losses.

The stakes are enormous. With 13.6 million insured cars and $ 8.6 billion in annual premiums during the year 1986, California represents 15 percent of the total national market of automobile insurance. According to AM Best Company, the insurance Rater, average premiums in the state, grew by 59 percent from 1982 to 1986, so that the most expensive California to the State of New Jersey and Alaska.

The average annual premium for liability and property damage was a car, 568 $ ($ 46 more than the average premium in New York at the time). Around Los Angeles and San Francisco families with two or three cars as well as pay $ 3500 to $ 4000 Carrier insurance say they should receive much higher prices in large cities, because damages and fraud are very high. Prices have increased since 1986 and this year, probably 15 to 20 per cent of 1987.

The result has been mounting public anger, frustration and false representation widespread lower rates of profits. A state study estimates that more than three million vehicles, or about one fifth, is illegal never driven without insurance. A consumer has estimated that the number is so high that 86 per cent in some parts of Los Angeles.