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Industry: Email Alert RSS FeedFederal auto insurance choice bill proposed by House majority leader. (Texas Republican Dick Armey cites potential to lower costs)
National Underwriter Property & Casualty-Risk & Benefits Management, July, 1997 by Brostoff, Steven
Washington House Majority Leader Dick Armey, R-Texas, has introduced a choice auto insurance proposal that would allow consumers to either opt out of coverage for non-economic damages or cover non-economic damages on a no-fault basis. "It's no secret that auto insurance is so expensive, it makes even the toughest Texan want to cry," Rep.
Armey said at a press conference. "Auto choice will cut the number of expensive lawsuits, reduce fraud and abuse and save billions for drivers all across the nation," he said. "But the most importantly, it will give Americans what they really want--greater freedom to choose an auto insurance plan that best fits their individual needs and budgets." Rep. Army cited a reported by the Joint Economic Committee...
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