Robert Herlong, the Atlanta-based regional manager for the Property Casualty Insurers Association of America (PCI) commented, “One of our key concerns about this legislation is that it will cause double-digit price increases for thousands of consumers who are least likely to be able to afford this increase.” One change the p/c sector was able to influence consisted of postponing the bill from going into effect until Jan 1 of 2007.
This new legislation would increase bodily limits from $15,000 to $25,000 for one person and from $30,000 to $50,000 for all persons injured in an accident.
Comment Preview