By Keith Goble, Land Line state legislative editor
Truckers will be interested to know that a new law in Wisconsin will soon roll back mandated increases in auto insurance coverage.
Two years ago in Wisconsin, then-Gov. Jim Doyle’s budget included coverage requirements that were doubled. Since then, a complete flip in the majority party of both legislative chambers and the governor’s office has spurred action to do away with the higher premiums.
Gov. Scott Walker signed into law a bill to require motorists to obtain $25,000 for accidents causing bodily injury or death for a single victim, $50,000 for multiple victims, and $10,000 for property damage.
The thresholds being replaced call for requirements of $50,000, $100,000 and $15,000, respectively.
Walker said the higher premiums forced insurance companies to pass the cost onto consumers.
“Repealing this anti-consumer mandate is good for middle class Wisconsinites and small businesses,” Walker said in a statement.
Another provision in AB4 reduces minimums for underinsured motorist coverage. The new mandate calls for minimums of $50,000 per person and $100,000 per accident – down from $100,000 and $300,000.
The changes take effect Nov. 1.
To view other legislative activities of interest for Wisconsin, click here.
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