The New Jersey No Fault Act remains under attack. Everyone agrees that the statute has not reduced the cost of automobile insurance and has not reduced the amount of litigation. The piecemeal changes to the act over the past eight years have failed to accomplish the goals of the Legislature, and the bipartisan support of the Automobile Insurance Cost Reduction Act has fallen apart. It is time for a change.
With the election of James McGreevey, the public can expect significant changes in automobile insurance. Perhaps the repeal of No Fault. Perhaps a change in the PIP regulations.
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