MAPPING THE ROUTE TO LOWER INSURANCE RATES: REFORM OR REGULATION?

Spiraling insurance rates in California have prompted a flurry of initiatives to take the issue directly to the voters. As this article went to press, four such initiatives had qualified for the November ballot. Two of these initiatives propose to cut the high legal costs of California's system for compensating auto accident victims by reforming the system. The other two concede that system costs may be high but argue those costs do not fully explain recent rate hikes. They propose increased regulation as a solution to the problem. This article discusses each of these initiatives in greater detail, providing summaries of major provisions of the four initiatives, and including the California Legislative Analysts's estimate of the cost of each measure.

  • Availability:
  • Corporate Authors:

    California State Automobile Association

    150 Van Ness Avenue
    San Francisco, CA  United States  94101
  • Publication Date: 1988-9

Media Info

  • Features: Figures;
  • Pagination: p. 16-19
  • Serial:
    • Motorland
    • Volume: 109
    • Issue Number: 5
    • Publisher: California State Automobile Association
    • ISSN: 0027-2310

Subject/Index Terms

Filing Info

  • Accession Number: 00608521
  • Record Type: Publication
  • Source Agency: National Highway Traffic Safety Administration
  • Report/Paper Numbers: HS-040 752
  • Files: HSL, USDOT
  • Created Date: May 31 1991 12:00AM