Financial Services Industry
Industry: Email Alert RSS FeedAIA in favor of no-fault auto ins. in R.I. (American Insurance Association)
National Underwriter Property & Casualty-Risk & Benefits Management, July, 1990
AIA In Favor Of No-Fault Auto Ins. In R.I. No-fault auto insurance would give auto accident victims more rights and reduce auto insurance costs for consumers, an insurance industry spokesperson told Rhode Island lawmakers recently. Following a speech opposing no-fault auto insurance by consumer activist Ralph Nader, American Insurance Association Counsel David F.
Snyder told a meeting of the Rhode Island House and Senate corporations committees that no-fault insurance would provide better auto insurance benefits at lower costs. Effective no-fault auto insurance laws - including laws in Florida, Michigan, and New York - "cut minor litigation dramatically by prohibiting lawsuits for all but serious and permanent injuries," he said. Mr. Snyder explained how...
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