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America's Insurance: A Policy Crisis (Part I) #102218

ABC Evening News for Monday, Apr 28, 1986
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(Studio: Peter Jennings) Report introduced.

(N. Bergen, New Jersey: Jay Schadler) Impact of nation's liability insurance crisis on soc. services and public life examined; New Jersey baseball team cited as example [N. Bergen Baseball president Guy McCANN - notes coaches' fear of suits by children's parents.] Ins. industry's effort to blame attys. cited. [Hartford Ins. Group chairperson DeRoy THOMAS - claims liability is being imposed on industry] Incr. in size of jury awards since 1980 graphed on screen. [Aetna vice president Richard EARLEY - blames courts] Effect of high cost of policy premiums on doctors, day care ctrs. and municipalities described. [Dobbs Ferry, New York, village admin. Peggy SLAVIN - cites need to raise taxes to cover insurance premiums.] [THOMAS - defs. industry] [Attorney William SHERNOFF - accuses insurance industry of lack of credibility, of manufacturing liability crisis.] [WA state insurance commissioner Richard MARQUARDT - criticizes insurance industry; explains.] Basis of claim that poor management is underlying insurance industry's current situation explained. [Iowa insurance commissioner Bruce FOUNDREE - fears both justice and insurance systems may be destroyed.]

(Studio: Peter Jennings) Part II announced.

Reporter(s):
Jennings, Peter;
Schadler, Jay
Duration:
00:05:20

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