[quote=ucodegen]
I guess that people forgot what happened when mandatory auto insurance was legislated in California. It was supposed to reduce costs, but had the opposite effect. The insurance companies had forced customers. They would assign higher risk profiles to people than they really were.. driving up the fees. It got to the point that the people in California had to create yet another bureaucracy to control auto insurance prices.
[/quote]
I believe there will be measures to ensure premiums are not allowed to sky-rocket. Afterall, that was the thrust of the bill.
I was pleased with the result, and is provides an incentive to return to the US. All we need now is for home prices to correct to where they should be, and my wife and will be packing our bags.
