News: Former ABRA Executive Donates $500K to CREF
The Wyoming House of Representatives rejected H.B. 168, which would have increased the minimum limits on personal auto liability coverage from 25/50/20 to 50/100/25 for bodily injury or death and injury to or destruction of property, last week. The bill also would have made uninsured motorist coverage mandatory.
“This bill would have negatively impacted the most economically vulnerable drivers who are trying to meet the state’s current legal requirements for auto insurance coverage,” said John Marlow, American Insurance Association assistant vice president of state affairs. “Consequently, this legislation would have inadvertently pushed more drivers into the ranks of the uninsured.”
ISO Fast Track Data for 2007 shows that private passenger auto liability paid claim severity averages in Wyoming were $14,851 for bodily injury liability and $2,877 for property damage liability below the current financial minimum coverage required by law.