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(Studio) Senator Philip Hart to introduction "no-fault" insurance bill.
REPORTER: Roger Mudd
(NYC) Present insurance inadequate; rates high, returns low. [New York insurance supt. Richard STEWART - says present system poor.] 23% insurance premiums pay legal fees; "no-fault" avoids legal hassles; pays regardless of who's at fault. [American Mutual Ins. president Paul WISE - says "no-fault" insurance encourages reckless drivers.] [HART - says insurance doesn't affect driver's habits.] [New York attorney Stanley DANZIG - says victims are compensated by fault insurance] Sorry state of insurance ind's. strongest argument for change.
REPORTER: David Henderson
- Henderson, David;
- Mudd, Roger
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