One of the prime sponsors of last year's automobile insurance reforms in New Jersey says he's now convinced it's a failure and that the only way to bring about rate reduction is to abolish the state's no-fault insurance scheme. "The 26-year-old no-fault experiment in New Jersey has been a failure and cannot be fixed or repaired," wrote Sen. John Adler. Other states have been moving away from the no-fault scheme, and only 12 other states still have it.
August 09, 1999 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
One of the prime sponsors of last year’s automobileinsurance reforms says he’s now convinced it s a failure and thatthe only way to bring about rate reduction is to abolish NewJersey’s no-fault insurance scheme.
“The 26-year-old no-fault experiment in New Jersey has beena failure and cannot be fixed or repaired,” wrote Sen. JohnAdler, D-Camden, in a letter to the other members of both houses.”It’s time to junk it and start over.”
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