ABC Evening News for Thursday, Nov 10, 1988
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(Studio: Peter Jennings) California state court reported freezing changes in car insurance rates as proposed in Proposition 103 after insurance companies threatened to stop issuing car ins.
(Los Angeles, California: Brian Rooney) Announcement by six insurance companies that they will halt business in California featured. [Fireman's Fund Ins. chairperson William McCORMICK - says business is no longer viable.] [Proposition 103 author Harvey ROSENFIELD - discusses plan.] [California attorney general John VAN de KAMP - says voters will get insurance reform.]
(Studio: Peter Jennings) Report introduced.
(DC: John Martin) Cost of auto insurance featured; details given. [Texas consumer cnsl. Kay DOUGHTY - expresses feeling that California initiative may have gone too far.] Response of insurance industry to proposed rate cuts noted. [Ins. REP., consumer advocate Ralph NADER - discuss insurance rates.]