No fault auto insurance bills stall in Senate
A Senate Judiciary Committee delay halted no fault auto insurance proposals amid heavy lobbyist pressure from lawyers and insurance firms. Assemblyman Jack Fenton saw his bill pass the Ways and Means panel on a split vote and move to the floor, while opponents argued the plan would raise premiums and not ease court congestion. The debate centers on mandatory minimum coverage and damages up to ten thousand dollars with potential court claims for medical costs above one thousand.
MENTIONED IN THIS ARTICLE
Sacramento
Senate Judiciary Committee
Alfred H. Long
Monterey Park
Assembly
Jack Fenton
Tebello
Ways and Means
Fenton
Senate
Long
California
Mame
Country Parson plan eyed to cut or stabilize insurance premiums
The measure would reduce or stabilize consumer premiums but faced intense opposition from the American Trial Lawyers Association, the California Trial Lawyers Association, and Farmers Insurance Group. Representatives warned premiums could rise under no fault and predicted a citizen backlash.
MENTIONED IN THIS ARTICLE
American Trial Lawyers Association
California Trial Lawyers Association
Farmers Insurance Group
VW profits slip despite record sales in 1971
Volkswagen AG reported record sales around 5.4 billion dollars in 1971 but said earnings from its West German automobile operation would total about 8.75 million. Worldwide profits fell to 45.9 million from 127 million the prior year as costs rose and exports slowed after the mark revaluation.
MENTIONED IN THIS ARTICLE
Leising
Volkswagen, A.G
West Germany
Leiding
Bonn
Volkswagen
Volkswagen, AG
Audi-Nsu
Volkswagen of
America
Brazil
Also Mentioned on This Page
Bill
Insurance Company
Capright
Fam A. Cleo
BOM
Rudolf Leising
West
Germany
U.S
Opel
Opel Company
General Motors Corporation
Greeny
Iisatewen
PSU
Eels
Torrance
Sepulveda
Hawthornes
Lakewood
Carson St
Paramount Blvd
Buena Park Beach
Orangethornes
Orange Garden Grove Riva
Manchester
Gore
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