Insurance: For All Victims

Under the U.S. auto-insurance system, at least 55% of the premium dollar should go to compensate traffic victims. There is a widespread feeling that this is not enough, and there are complaints about soaring rates, controversial policy cancellations and slow payment of claims. Some critics demand more federal regulation, along with a radical overhaul of the whole system. A Senate subcommittee has started a root-andbranch investigation of auto insurers; President Johnson has ordered the Department of Transportation to make a two-year probe of its own.

Cutting Red Taoe. Mostly in response to public indignation, early this month ten major insurance...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!