INSURANCE: Paying the Highway Toll

The 40 million U.S. car owners who already spend $3 billion yearly on auto liability insurance will soon have to pay about $400 million more. Speaking for three of the biggest casualty companies—State Farm Mutual, Allstate. Nationwide Mutual—General Manager Vestal Lemmon of the National Association of Independent Insurers said: "Before the end of the year the western half of the country will see substantial increases. It may be the second quarter of 1957 before they get to the eastern areas." Another top rate-making group, the National Bureau of Casualty Underwriters (Aetna Casualty,...

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