A provision in the budget proposed by Wisconsin Republican Gov. Jim Doyle to increase the minimum amounts of driver liability coverage is being assailed by carrier trade groups as expensive and unfair to consumers.
The Indianapolis-based National Association of Mutual Insurance Companies said such a change would cause auto insurance premium hikes of 40 percent or more with the severest impact on low- and middle-income drivers.
Deirdre Manna, Property Casualty Insurers Association of America (PCI) vice president of industry, regulatory and political affairs, estimated there would be an increase of about 30-to-39 percent in overall liability premiums for policyholders carrying basic limits.
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