Contact: Cullen Werwie, 608-267-7303
Bill Passes Both Houses with Bipartisan Support
Madison – Governor Scott Walker will sign Assembly Bill 4 today which repeals the auto insurance minimum coverage mandate put in place by the previous administration.
“Repealing this anti-consumer mandate is good for middle class Wisconsinites and small businesses and I am proud to sign its repeal and replacement,” Governor Walker said. “It is important to note that this bill received bipartisan support in both houses of the Legislature. I thank Senator Frank Lasee and Representative John Nygren for their leadership on this issue. I also thank the Independent Insurance Agents of Wisconsin for providing important testimony that described the severe impact last session’s insurance law changes had on consumers.”
Governor Walker – Assembly Bill 4 Signing
Where: Governor’s Conference Room
115 East Capitol
Madison, WI
When: Today, April 12, 2:30PM
Under current law, auto insurance mandates increased the coverage from 2009 levels of $25,000 for causing injury or death of one person, $50,000 for two persons, and $10,000 for property damage to $50,000, $100,000 and $15,000 respectively. Insurance companies were forced to pass the cost onto consumers in order to pay for this massive government-mandated increase.
Assembly Bill 4 will remove the mandate and bring current levels back down to 2009 levels.
All Wisconsin drivers are required to carry “underinsurance” coverage. “Underinsurance” refers to a driver who causes an accident but cannot cover the total damages he/she is liable for. The current mandate places that insurance minimum to $100,000/person and $300,000/accident. Under new law, it will reduce to $50,000/person and $100,000/accident.
Wisconsin drivers will still be required to carry auto insurance under the new law.
