Article Abstract:
A proposed legislation offering car owners two choices in automobile coverage has elicited various reactions from concerned sectors. The Auto Choice Reform Act will allow drivers to choose from high-premium traditional tort maintenance coverage or the less expensive no-fault coverage. The former would allow drivers to sue and be sued, while the latter will provide lower premiums and first party coverage in exchange for waiving the right to use for pain and suffering or noneconomic damages. Insurers are skeptical of no-fault coverage, while the media, economists, lawyers, politicians, consumer groups, lawyers are questioning its fairness and efficiency.
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Article Abstract:
The 1998 'Insurance Dept Resources Report' of the National Assn of Insurance Commissioners reports that the amount of money spent by states on insurance regulation has stopped its growth. Although aggregate state spending rose by 115% since 1988, the aggregate 1998 budget for all states increased by a mere 1.1% over 1997. While the surge in insurance department funding in the late 1980s and early 1990s was attributed to the promotion of accreditation and computerization, the recent drop in funding is believed to have been prompted by new trends toward fiscal conservatism.
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Article Abstract:
The Occupational Safety and Health Administration's (OSHA) cooperative compliance program seeks to implement on-the-job safety standards, using a cooperative approach that encourages businesses to establish safety guidelines without the need for punitive regulation. A recent presidential veto of a partnership bill that would have allowed worker-management teams and the probable resurgence of unions in 1997 could put pressure on OSHA to again impose punitive measures.
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