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Insurance board urged to cut private car premiums statewide
An 11 percent average cut in private passenger car insurance was urged to the State Insurance Board. Ned Price said the reduction, possibly by mid August and effective September, could save over 68 million dollars. Proposed: 8.2 percent on liability and 14.5 percent on collision and comprehensive coverage. Dallas Senator Mike McKool said the cut could be at least 20 percent. The board also discussed a modified no fault plan adding medical and lost income benefits without regard to fault.
MENTIONED IN THIS ARTICLE
State Insurance Board
Ned Price
Dallas
Mike McKool