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Autos / Deaths / Insurance Rates #34689

ABC Evening News for Wednesday, Oct 08, 1975
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(Studio) Transportation Department reports traffic deaths down 18% in 1974 from 1973 due to Americans driving less, more slowly and more carefully. More accidents drive auto insurance rates higher.
REPORTER: Harry Reasoner

(Chicago, Illinois) 77 claims made for each 1000 insurance policies. Rates incrd. 5% between August `74 and August `75. Illinois rates cited. [Ins. Info. Institution Nino NOREIGA - says making autos safer costs more.] Costs 14% more to repair damaged auto than year ago. Physicians' fees also incrd. Econs. predict ins. must go up another 8% to keep up with inflation.
REPORTER: Ron Miller

Miller, Ron;
Reasoner, Harry

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