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Liability Insurance #320322

CBS Evening News for Tuesday, Mar 22, 1988
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(Studio: Dan Rather) Several state govts. reported filing suit against insurance companies Prosecutor quoted. Ins. companies spokesperson noted denying charges. Report introduced.

(Lafayette, California: Jerry Bowen) Lafayette, California, problems in getting liability insurance for playgrounds discussed. [Ex-Lafayette mayor Richard HOLMES - says companies should be subject to law.] Plymouth, California, liability insurance difficulties detailed. [Mayor Gene BECK - says was devastating to close swimming pool.] California and other states noted filing suit against major insurance companies, asserting that crisis was manufactured by insurance industry Companies facing conspiracy charges listed on screen. [California attorney general John Van de KAMP - discusses companies' alleged conspiracy.] Companies noted being accused of forcing high rates and limited coverage upon industry through trade association influence. [Ins. Services Ofc., Incorporated spokesperson Rich MATHIAS - denies charges.] [Hartford Ins. Group spokesperson Steve MARTIN - denies charges.] [San Francisco, California, city attorney Louise RENNE - tells of complaints from those unable to obtain liability insurance] Lawsuit's aims outlined.

Reporter(s):
Bowen, Jerry;
Rather, Dan
Duration:
00:02:30

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