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No Fault Insurance Law Passes in Massachusetts
Massachusetts becomes the first state with a no fault auto insurance system as Gov. Francis W. Sargent signs the measure. Cars will require drivers to be reimbursed by their own insurer for medical bills and lost wages up to 2000 dollars, with lawsuits limited for higher amounts and for pain and suffering. Insurers warn of rate cuts and some plan to stop writing new or renewed policies in the state.
MENTIONED IN THIS ARTICLE
Boston
Massachusetts
Francis W. Sargent
Aetna Casualty & Surety Company
Travelers
Employers Commercial Union
Lumbermen’s Mutual Casualty