The problem arises when it comes to determining just how much insurance drivers should be required to have. Ideally, each driver should have enough coverage to pay for all injuries to other parties and to repair or replace all vehicles or property damaged in the accident. (Photo: Jevanto Productions/Adobe Stock)
No one disputes the American love affair with vehicles. American muscle cars are quite popular among many, and while automatic transmissions have been around for a long time there are still those who like to drive a manual. There are 284 million vehicles on American roadways, with 227 million licensed drivers. Unfortunately, the love of driving doesn't make us good at it, as there are an average of 6 million accidents each year. The annual cost of these accidents for property damage, injuries, lost productivity and other expenses is $800 billion.
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Christine G. Barlow, CPCU
Christine G. Barlow, CPCU, is Executive Editor of FC&S Expert Coverage Interpretation, a division of National Underwriter Company and ALM. Christine has over thirty years’ experience in the insurance industry, beginning as a claims adjuster then working as an underwriter and underwriting supervisor handling personal lines. Christine regularly presents and moderates webinars on a variety of topics and is an experienced presenter.
