Tuesday, September 28, 2010

Is CLCA A Solution In Search Of A Problem, Or Is It A Solution At All?

Earlier today, Governor Schwarzenegger signed into law an extension to the California Low Cost Auto Insurance plan, or CLCA. The plan provides a very basic level of coverage at rates lower than offered by most carriers.

Sounds great, considering how auto insurance is mandatory in California. However, when the estimated number of uninsured drivers in California is presently floating around one-quarter of all drivers, one has to wonder whether CLCA, with presently less than 57,000 policyholders, is of any genuine effectiveness in its goal.

No comments:

Post a Comment