New York Insurance

One reason for a problem that dominated last year’s gubernatorial race in New Jersey, Lieut. Dir McCAUGHEY Betsy Ross has published today a plan to reduce auto insurance in New York, including a proposal for Pay-by-the-miles premiums.

He was one of two proposals to reduce the tax rates are offered today by the candidates for the Democratic gubernatorial nomination. Peter F. Vallone, spokeswoman for the New York City Council, it offers a limited proposal, but McCAUGHEY Ms. Ross’s plan, consumers little choice between holding a payment of a lump sum, as a driver to do now or the payment of rent based on mileage.

Some insurance companies has already led miles as one of many factors in calculating premiums, but their plan, the correlation much more directly.

”The danger is not in possession of a car, it is in one direction,’’said Ross McCAUGHEY. ”People drive less, should not be compelled primarily insurance companies pocket.”

The lifetime-based approach would be a blessing for people who drive infrequently, a group of older drivers, the people of New York and women. All three constituencies could be decisive for the Lieutenant Governor’s main policies, the elderly are more likely to vote, it is explicitly appealing to women voiceless, and it tries to raise its relatively weak performance of capacity in New York City voters.

She stated that its proposals would lower rates by 25 per cent, but many of them is based on projections of income from savings from other elements of his plan, such as the appointment of a lawyer consumers and cut administrative costs.

In New Jersey, during the past year, Dir Christine Todd Whitman was almost hit by a little-known Democrat, Senator James E. McGreevey state accused him do anything about auto insurance premiums, the highest in the country.

Ms. Ross McCAUGHEY Democrats and others fighting for their party’s gubernatorial nomination - Charles J. Hynes, the Brooklyn District Attorney, James L. Larocca, a former commissioner of State, and Mr. Vallone - have said she hoped that the use of the problem more impact in New York.

In describing his own insurance, Mr. Vallone said one reason for the New York High rates is a law signed by George E. Dir Pataki in 1995, as a woman McCAUGHEY Ross was a member of the Republican Governor’s Team. She changed party affiliation in September and started plans for a gubernatorial race.

A campaign aide said that Vallone 1995 law increases the minimum amount drivers, resulting in higher prices. Ross’’sagte nothing, if the law of this State,’’said Kim Rubey, a spokesman for the campaign Vallone.

Mr. Vallone released less than a detailed proposal for the creation of a free telephone number and website to help people compare-Shop, as well as limiting insurers’ profits, and strengthening penalties for cases of fraud. He did not say that his proposal is likely to affect rates.

The Pataki camp has rejected the proposals by Mr. Ms. Ross and Vallone McCAUGHEY of pandering. Neither ein”macht no sense,’’said Zenia Mucha, the governor-director of communication. ”This is nothing other than the choice of the political year.”

In a poll conducted this week by interviewing John Zogby International, more than half of New Yorkers interviewed indicated that auto insurance rates ein”’’sehr important issue in the race for governor, but a similar number, they do not think it will change its decision as to whether the voice M. Pataki.

Although Ms. Ross’s McCAUGHEY plan could be based with blocks of important votes, there were political risks as well.

Mary A. Griffin, Vice President of the American Insurance Association, said reducing the rates for one group would lead to higher prices than for others, in this case, outside the city inhabitants, propulsion, links longer and were McCAUGHEY Ms. Ross’s greatest source of support.

The lieutenant governor argued that since the insurer was healthy profits now, it would be possible, each falling prices. But she acknowledged that if profits are scarce or non-existent for the lower rates, the reader is less and less forcefully, until the prices for those who drive.