Manchin Promotes Insurance Plan
Date: Feb 25th, 2005 10:40:01 pm - Subscribe
Mood: detached
(Manchin said today that he trusts the insurance companies to follow through on their promise to lower rates because HE IS THE GOVERNOR AND HE IS OVER WV'S INSURANCE COMMISSION. He also thinks way too much of himself - what an ego!)
The governor said West Virginians could see rates drop by $100 a year if limits are placed on lawsuits.
Story by The Associated Press
Gov. Joe Manchin is promising that every West Virginian will soon save up to $100 a year on auto insurance.
But there's a catch: The Legislature must first pass a law that would prevent state consumers from taking insurance companies to court in certain circumstances.
The governor is talking about third party bad faith lawsuits. This is when a person involved in an accident sues the other guy's insurance company for allegedly handling the claim unreasonably.
The governor says insurance companies have committed to rolling back rates by at least $50 million if the measure is passed. He met with seniors, teachers and other groups Friday to promote his proposal.
To replace lawsuits, Manchin wants consumers to file complaints with the state insurance commissioner. But lawyers say the lawsuits help protect consumers.
Some Republicans say Manchin's proposal doesn't go far enough.
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