Friday, October 19, 2007

Washington State Voters: VOTE NO on R-67

An email from my husband:

Hello! This is a little out of character for me, but I wanted to let you know about a ballot issue coming up in November that hits a nerve for someone like me who works in the insurance industry. Have you heard about Referendum 67? On the surface, it may look like a good way to keep insurance companies from burning people who file claims, but it is more likely to increase the cost of doing business for insurance companies and higher premiums for consumers. This November, please reject the referendum.
R-67 calls for hitting insurers with triple damages and unlimited plaintiff's legal fees if a court finds the company unfairly denied a claim. The standards that courts will be required to use in judging these lawsuits under R-67 will be the lowest in the country -- making it much easier to force companies to pay for unqualified claims.
If insurance companies face the threat of triple damages and unlimited attorney fees with every claim they adjust, they'll naturally become more cautious in evaluating padded claims. Those extra legal claims dollars -- and the extra legal fees spent fending off the jackpot-seeking lawyers you see on TV -- will increase the price everyone pays for insurance in Washington.
Check out www.reject67.org for more info. Let me know if you disagree. But most of all, be sure and vote. Just carefully consider R-67.
Thanks!

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