New Jersey has serious problems with its insurance industry. It has had them for some time.
These problems are peculiar to trhe social structure of New Jersey which has more attorneys per capita than any other state in the Union.
Limiting "pain and suffering" suits would improve things.
But as I pointed out, the biggest customers of Trenton's legislative harlots are the insurance companies, the Trial COurt Attorneys, the New Jersey Education Association, the COnstruction Unions and last but certainly not least, the police unions.
Any efforts by the state to make things more bearable for its citizens by regulating abusive insurance practises is welcome there. After all, the insurnace lobbies have benefitted by government legislation which benefits them like mandatory automobile insurnace, mandatory use of seat belts, humiliating "random road checks" of law abiding citizens to make sure they are wearing seat belts and have not been drinling.
So its rather hypocritical of them to complain when the government seeks to control them too.
So although you admit that to this point government regulation of the insurance industry has failed miserably, you propose...more regulation!
After all, the government gets it right so much more often than the free market. LOL.