No Fault Insurance Debate Highlights Costs and Coverage
A Texas economics professor discusses no fault car insurance and how it could reduce premiums by limiting benefits. He compares fault and no fault plans, notes uninsured drivers raise costs, and cites state by state differences on medical expenses and damages.
MENTIONED IN THIS ARTICLE
Nefaat
Pasad Cummins
Bass
Texas
Sunder Snoqpalle
Deraby
TV Lapd
Tairwood Manford
State Insurance Board
No-Fault Insurance Debate and Teaver Call for Reform
The piece surveys no fault auto insurance, noting State Board of Insurance Chairman Larry Teaver urges reform and may recommend adopting some form of no fault. It outlines general features, benefits, and exclusions, highlighting the push by Gov. Preston Smith and legislative funding for study.
MENTIONED IN THIS ARTICLE
Preston Smith
Texas
State Board of Insurance
Teaver
Lubbock
Gallup
No-fault auto insurance debate heats Texas legislature
A long discussion on no fault car insurance features and impacts dominates Texas insurance policy debate. Proponents cite faster payments and reduced court costs, while opponents warn of higher premiums and legislative hurdles. Experts cite figures from Massachusetts and Oklahoma, urging careful reform.
MENTIONED IN THIS ARTICLE
Massachusetts
Delaware
Florida
Puerto Rico
Texas
Massachusetts Extends No-Fault Insurance to Property Damage
Massachusetts becomes the first to extend no fault beyond bodily injury to property damage and collision. Gov. Sargent notes reduced claim costs and fewer court claims while Insurance Commissioner Ryan cites kept rate increases via three property damage options and deductible adjustments.
MENTIONED IN THIS ARTICLE
Strick
Insurance Commissioner For
Oklahoma
Austin American Statesman
Texas
Massachusetts
Tinos
Iorida
Francis W. Sargent
John G. Ryan
Ryan
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