INSURANCE: Paying the Damages

For both public and insurance companies, the uninsured motorist has long been a troublemaker. Not only does he often drive an old car in rundown condition, he also has little or no cash to pay for the damage he does. As a result, the pressure has been building up in state after state for compulsory liability insurance, now common in Europe but so far adopted in only one U.S. state (Massachusetts). The insurance industry vigorously opposes the idea for fear of political rate-setting and excessive losses from bad-risk drivers.

One of the...

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