The Car and Truck Fleet and Leasing Management Magazine

Washington Referendum on Car Insurance Claims Stirs Controversy

October 04, 2007

OLYMPIA, Wash. --- If passed, a measure on Washington state's Nov. 6 ballot would allow consumers to sue insurance companies for up to triple damages if they are unreasonably denied coverage of a valid claim. The ballot measure has stirred considerable controversy, pitting trial lawyers and consumer groups against the insurance industry.Opponents of Referendum 67 argue that research indicates the measure would raise annual insurance costs by an average of $205 per household. But backers of the referendum argue that the measure would keep insurers accountable and that forecasted rate hikes would only result if insurers treated customers unfairly.
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A specialized version of an open end lease used in the United States primarily for automobiles and light-duty trucks. TRAC is an acronym for "Terminal Rent Adjustment Clause," an arrangement featuring a final rental adjustment on the lease which occurs after the vehicle is removed from service and sold.

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