Direct Automobile Insurance Law Operating
Let us now use a consideration of how the law has actually operated for the short space of eight months to ensure that we may have something within the nature of facts upon which to base our judgment apart from abstract reasoning, arguments and prophecies. First, I emphasize you that the main purpose of the law since January 1, 1927, in the application to Massachusetts automobile owners has been and is being thoroughly and completely satisfied. Whenever one sees upon the highways in our state an automobile or trailer carrying Massachusetts registration plates, he is able to rest assured that that owner has furnished certificates of direct auto insurance company or a surety bond or has deposited securities, by, through and of that a person injured through no fault of their own, but through the sole negligence of the owner of that automobile or a person operating exactly the same with his implied or express consent, might be compensated in damages.
Has got the main object of the law been satisfied? How frequently have I been asked that question, and how often have I said, "Yes." It's the correct answer. I am safe in asserting that the law is one hundred per cent efficient and it has accomplished what it really was intended to accomplish. I've heard and I have read many statements to the effect that the law in Massachusetts had failed. This is not true. On the contrary, it has succeeded in accomplishing its main purpose, and any such statements have been made by those who have lost sight of the main purpose of the law and also have stressed its secondary or incidental results.
I've been informed through the Registrar of Motor Vehicles that the ratio of reported accidents involving personal injury in proportion to the number of registrations of cars is decreasing. This undoubtedly arrives in part to the operation of this law. It has been asserted that the law will not prevent or reduce accidents and on the contrary that the fact that an automobile owner has been compelled to furnish insurance will cause him to become more careless at the same time of his cars. This I believe to be a statement not founded on experience, and the results which I have hitherto stated bear out my belief. Any person who says that he can be careless on the highways of Massachusetts because of the fact that he is insured will discover sooner or later that such is not so. Statistical plans have been developed by the insurance coverage Department with the cooperation of the insurance companies that will disclose not just all facts and figures associated with insurance losses and expenses and can also disclose the private record of every individual automobile owner within the commonwealth. That record is available to and will be weighed by insurance companies against him as he seeks insurance and you'll be weighed against him by direct car insurance companies planning to cancel.
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