Is no-fault insurance finished?
States are trying to reform no-fault laws -- and some have repealed them altogether -- in an effort to contain medical costs and fight fraud.
Under no-fault laws, people injured in car accidents are compensated by their own insurance companies unless damages exceed a set amount. In theory, no-fault laws should reduce the number of lawsuits filed to determine who is at fault in accidents. Fewer lawsuits should help trim car insurance companies' costs, and thus car owners' premiums.
http://money.msn.com/auto-insurance/is- … e-finished
it sounds good initially since premiums are dropping ,but does anyone have some experience with an accident in a no-fault state?
Horrible experience. A lady ran a red light at an intersection crossing the Hwy. I T-boned her at 70 MPH. No fault state in MN. I got nothing but residual pain and lost my job.
Corporations making stealth moves again. You gotta stand up to this ever dwindling benefits for the people.
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And also to those who claim liberals don't argue with statistics:http://www.nytimes.com/2009/11/05/opini … ref=global
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