As Rhode Island families grapple with skyrocketing inflation, Gov. Dan McKee has made affordability a signature priority – and rightly so. But two bills currently sitting on his desk, H7866 and S3115, would significantly impact Rhode Islanders by increasing auto repair costs and insurance premiums. We urge the governor to protect Rhode Island families by vetoing these bills.
Just this week, the Governor’s Insurance Council, appointed to advise governors on precisely these issues, called on McKee to veto this costly legislation. The council was joined in their veto request by a chorus of state and national voices, including the Rhode Island Insurance Federation.
Specifically, the legislation would increase the total-loss threshold for automobiles from 80% to 85% in Rhode Island. Supporters proclaimed it a consumer-protection measure, but it would actually raise costs for families in our state and undermine McKee’s affordability agenda…