Walker to sign car insurance regulation bill - WAOW - Newsline 9, Wausau News, Weather, Sports

Walker to sign car insurance regulation bill


MADISON, Wis. (AP) -- Gov. Scott Walker is set to sign into law a bill designed to lower car insurance rates.

Insurance would still be mandatory under the bill Walker planned to sign Tuesday, but the levels of coverage required would drop.

The bill would wipe out higher minimum coverage requirements for liability, underinsured and uninsured drivers insurance that Democrats approved in 2009. Republicans and the insurance industry maintain those levels have made car insurance more expensive.

But supporters say there is no evidence of that and the changes were necessary since the levels had been stagnant for more than 20 years.

The new lower coverage requirements will take effect in six months.

(Copyright 2011 by The Associated Press. All Rights Reserved.)

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