A debate has begun in Wisconsin regarding the value of a new law that will allow drivers to save money with lower limits of liability coverage for their auto insurance. Drivers will now be able to ask themselves whether or not it will be worth their while to lower their premiums as the minimum auto insurance requirement has been decreased throughout the state. However, many people are hesitating to rush for that initial savings. The reason for this lower minimum is that earlier in 2011, a bill was signed by Governor Scott Walker…
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Auto insurance anti-stacking language causes disagreements between insurers and lawyers
Following an April vote by Wisconsin lawmakers that permitted the inclusion of anti-stacking language in auto insurance policies, it is anticipated that one of the first acts from the Republican-controlled state legislature will be a decision to permit insurers to disallow policy stacking. The decision in April was made in an attempt to resolve a common battle that was regularly being fought between trial lawyers and insurers. What occurred was the repealing of every element of the “Truth in Auto” law that was passed in 2009, except for the aspect…
Read MoreInsurers bring in teams from surrounding areas just to keep up with major storm activity
Severe thunderstorms and tornadoes tore their way through Wisconsin on Sunday. Businesses all over the state shut down as owners begin to assess the damage wrought by the unruly weather system. The state’s insurance companies are beginning to field claims from both business and home owners as they prepare for what has been a particularly devastating storm. The storm is expected to have a considerable impact on hundreds of jobs all over the state as several manufacturing companies temporarily close their doors to recover. Six businesses in the Merrill area…
Read MoreWisconsin auto liability requirement up for discussion
Wisconsin drivers may get a break on their auto insurance prices; Republican’s have put a bill up for vote to decrease the minimum amount of liability insurance required. This may be a no-win situation; some of the components of the bill may end up costing drivers more in the long run. Just over two years ago the Democratic majority passed a bill to raise the minimum liability limits required to reflect pricing changes. It had been over 20 years since liability insurance had been raised. When Republican’s won the state…
Read MoreNew required lower limits of liability for drivers in Wisconsin
In Madison the Wisconsin State Assembly passed a bill wherein the minimum level for car insurance is lowered, wiping out the higher ones that were approved by the Democrats back in 2009. This bill reduces the minimum amount for coverage for the liability and uninsured drivers insurance. Before the law was approved in 2009, it was voluntary to get insurance for those who are underinsured. This time, it will go back to that same situation. When drivers are the cause of an accident that happened, this underinsured coverage is useful,…
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