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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: ColtonGang who wrote (50973)	10/23/2000 12:01:04 PM
From: ColtonGang	Read Replies (1) \| Respond to of 769667

Insurers Profited from Texas Tort Reform By George Lardner Jr. Washington Post Staff Writer Texas Gov. George W. Bush said that he saved Texans "nearly $3 billion in insurance premiums" as a result of legal reforms he pushed in his first term, but a number of insurance experts say those savings are largely fictitious. Texas's 1995 "tort reform" package included an insurance rate "rollback" provision designed to make sure that the companies' widely predicted savings would be passed on to consumers. But according to several former state insurance regulators, Texas insurers have been keeping the money for themselves, taking in far more profits than they did before the tort changes were enacted in 1995, while the savings passed on to consumers have been negligible.