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Republicans in Wisconsin look to repeal auto insurance lawPosted On Wed, November 4, 2009
Some members of the Wisconsin Legislature are trying to get a law repealed that makes auto insurance coverage mandatory in the state.
According to a report from the Associated Press, Republicans in the state want to get rid of a law that makes auto insurance liability coverage a requirement for drivers. Along with making the coverage mandatory, the bill raised minimums on the amount of liability coverage drivers need, along with increasing minimums for coverage against uninsured and underinsured motorists.
The AP notes that Wisconsin Republican State Senator Mike Ellis is one of the legislators who are looking to repeal the law that Governor Jim Doyle signed this year.
"[Ellis] says the new standards were a 'sloppy kiss' from Democrats to trial attorneys that working families can't afford," the AP report stated.
However, Madison Democratic State Representative Joe Parisi, who is on the Assembly Insurance Committee, said that higher costs are the result of insurance companies losing money in the stock market.
According to the Insurance Information Institute, one of every seven drivers in the country does not have auto insurance. The purpose of underinsured and uninsured coverage is to protect people in the event they get into an accident with someone who may be lacking in auto insurance.
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