Posted inEconomy, Money & Politics

Auto insurance bill was clash of titans

On April 6, lawmakers repealed every aspect of 2009’s so-called “Truth in Auto” law except mandatory auto insurance. Insurance companies argued that the 2009 changes would lead to higher premiums and more people going without insurance. Trial lawyers invoked catastrophic situations in which the disputed auto policy provisions could make the difference in whether accident victims can pay their bills or go bankrupt. Both sides spent heavily to influence the Legislature. But the general public was largely silent.