In this Article, Mr. George, offers some suggestions for the solution of the automobile insurance problem. Recognizing that the biggest problem is cost, the author suggest that one way of reducing cost would be to repeal the financial responsibility laws. People concerned with protecting themselves and their assets would purchase first party and third party coverages. The irresponsible party would be left to their own devices and subject to legal sanctions for failure to pay for damage they caused. The author draws a parallel between the amount paid in premiums to amount of benefits available. Assuming financial responsibility laws are retained, the author suggests reducing insurance rates by reducing exposure to financial risks, i.e. the number of accidents resulting in claims. If any meaningful change is to happen, California voters and the Legislature must try to make sense of what remains after Proposition 103.
William C. George,
Whither No-Fault in California: Is There Salvation after Proposition 103,
San Diego L. Rev.
Available at: https://digital.sandiego.edu/sdlr/vol26/iss5/6