No fault auto insurance bills stall in Senate and pass Assembly
In Sacramento, no fault auto insurance proposals stalled in the Senate Judiciary Committee after lobbyist pressure from lawyer groups while Assemblyman Jack Fenton’s bill cleared the Ways and Means Committee on a split vote. Fenton said changes would come if the bill reaches the Senate, as opponents argued the plan would raise premiums and do little to ease court congestion.
MENTIONED IN THIS ARTICLE
Sacramento
Senate Judiciary Committee
Alfred H. Long
Monterey Park
Assembly
Jack Fenton
Tebello
Ways and Means
Fenton
Senate
Long
No Fault Insurance Promises Mixed Reactions From Industry Groups
Country Parson notes that consumer insurance premiums would be reduced or stabilized under the proposal. Opposition comes from the American Trial Lawyers Association the California Trial Lawyers Association and the Farmers Insurance Group. Representatives warn premiums could rise under no fault and predict a citizen backlash.
MENTIONED IN THIS ARTICLE
American Trial Lawyers Association
California Trial Lawyers Association
Farmers Insurance Group
VW confirms little profit from big production
New York Times reports VW leader Rudolf Leiding says West Germany's VW operations ran at full capacity last year with minimal profit despite record sales around 5.4 billion dollars. Worldwide production rose 5 percent to 23 million units, while profits fell to 45.9 million in 1971 from 127 million the prior year. US sales slipped 4.3 percent to 522,655 units. Opel surpassed VW registrations in West Germany first quarter 1972.
MENTIONED IN THIS ARTICLE
BOM
Volkswagen
Rudolf Leiding
West Germany
Leiding
Volkswagen, A.G
Bonn
Audi-Nsu
Volkswagen of
U.S
U. S
Opel
Opel Company
General Motors Corporation
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Bill
Combined News Services
Novwcommon Insurance Company
California
Fran Clarke
New York
Scugaly Root
the Treasury
Colle
Oslo
Aeelser Mucor Ieee
Felco
Mobite
Strather Gazeats
Floon Rocks
Statis Tas
Torrance Sepulvedo
Hawthorne
Lakewood
Carson St
Paramount
Buena Park Beach
Orangethorpe
Orange Garden Grove
Manchester
Ata
Bettte
Mmersf
H.1
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