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New Wisconsin Auto Insurance Law June 9, 2010

Posted by Andrew Christman in FAQ Personal Injury, Motorcycle Collisions, Personal Injury Law, Wisconsin Auto Accidents.
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As of June 1, 2010, auto insurance is now mandatory for all car owners in Wisconsin.  The law requires minimum coverage of $50,000 for the injury or death of one person, $100,000 for the injury or death of two or more people and $15,000 for property damage.  Drivers that do not have insurance can be fined up to $500.

The law requires that drives keep proof of their insurance information in the car.  Police officers can request proof of insurance at traffic stops and accidents.  Failure to provide this proof of insurance can result in a fine of $10.

The law also requires uninsured and underinsured motorist coverage each with minimum limits of $100,000/$300,000 for bodily injury coverage.

More information on the new insurance laws can be found at the websites for the Office of the Commissioner of Insurance and the Wisconsin Department of Motor Vehicles.

Feel free to contact Groth Law Firm, S.C. if you have any questions or would like to discuss your need for a personal injury attorney.  Groth Law Firm, S.C. has offices to meet with clients in Brookfield, Milwaukee, Green Bay and Marinette.

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AIG Insurance September 17, 2008

Posted by Attorney Jonathan Groth in FAQ Personal Injury.
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I’ve received a number of calls from clients and potential clients asking about AIG’s financial situation and the federal government’s loan.

If you have auto insurance through AIG or if you were injured because of someone else’s negligence and they have AIG I’d recommend you read this article from WSJ.com.

Specifically:

AIG’s millions of insurance policyholders appear to be considerably less at risk. That’s because of how the company is structured and regulated. Its insurance policies are issued by separate subsidiaries of AIG, highly regulated units that have assets available to pay claims. In the U.S., those assets can’t be shifted out of the subsidiaries without regulatory approval, and insurance is also regulated strictly abroad.

I’m certainly no Wall Street expert but I think the Wall Street Journal’s writers know their stuff. 

www.jonpgroth.com

 Jon Groth is a Wisconsin Personal Injury Attorney handling cases throughout Wisconsin and most recently in Kansasville, Marinette, Milton and Wauwatosa.

Umbrella for Coverage July 14, 2008

Posted by Attorney Jonathan Groth in FAQ Personal Injury.
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Here is an insurance tip.  Ask your insurance agent about an umbrella policy.  An umbrella policy will provide a large sum of liability coverage (oftentimes $1 million or more) over and above your home owners coverage and can be added to your auto insurance coverage. 

In Wisconsin, the Court of Appeals has ruled that insurers issuing umbrella policies that are excess over primary automobile liability insurance must provide underinsured motorist coverage.  See Nault v. West Bend Mut. Ins. Co., 2007 AP 1670 (released May 20, 2008).  So, if you have an umbrella policy ($1 million) and are in an serious auto accident caused by an underinsured motorist (let’s say for example the at fault driver only has insurance coverage totalling $25,000.00) you will be protected by your $1 million policy. 

Take advantage of Wisconsin law.  Ask your insurance agent about it.  Relatively speaking, an umbrella policy tied to your auto insurance policy is inexpensive.  It’s the smart choice. 

http://www.jonpgroth.com