We need your help generating cosponsors for a bill being circulated in the Legislature, LRB-3758/2, that will reverse the auto insurance mandates that were included in the state budget last summer.
As you know, Wisconsin motorists are experiencing significant increases in their auto insurance premiums. These increases are a result of significant changes to insurance laws that occurred when the state budget was passed last summer. The Professional Insurance Agents of Wisconsin believe that it was not the intention of the Legislature to dramatically increase insurance premiums and that now is the appropriate time to review the need for many of these revisions.
Many motorists are finding it difficult to afford these premium increases and are looking for immediate relief. LRB 3758/2, authored by Senator Ellis and Rep. Nygren, is a bill being circulated that will provide actual premium relief for motorists. We would encourage all agents to contact their legislators and urge them to agree to co-sponsor this legislation in an effort to minimize the financial impacts that motorists are currently experiencing due to the state budget provisions. Please encourage your customers to contact their legislators as well.
The Professional Insurance Agents will support any and all legislative efforts, no matter the author, that will provide motorists relief from the dramatic insurance premium increases currently being experienced. The bottom line is: something needs to be done now for the best interest of Wisconsin motorists. LRB 3758/2 is the best option currently available and should be supported by every Wisconsin legislator.
Please note that the sponsorship deadline is Monday, November 2nd. We need agents to contact their legislators immediately to encourage them to support, through their sponsorship, a fix to this pressing problem.
Please feel free to personalize the messages and include actual examples of premium increases.
Brief Summary of LRB 3758/2
LRB 3758/2, will repeal most of the provisions related to motor vehicle insurance that were included in the state budget. These provisions include:
· Returning to the pre-budget minimum limits required for liability
· Returning to pre-budget minimum limits for uninsured drivers:
· Returning to pre-budget requirement that insurers provide written notice of the availability of coverage for underinsured motorists, but that does not require policies to include underinsured motorist coverage.
· Returning to pre-budget provisions that allow insurers to include anti-stacking provisions in policies.
LRB 3758/2 does not repeal the following two motor vehicle insurance-related provisions in the budget:
- The requirement that motorists must carry insurance.
- A provision that allows claims in uninsured motorist policies in hit-and-run accidents where actual contact of the vehicles did not occur (such as being run off the road without actual contact) if it can be verified by an independent third party.
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