Private Law Theory

Attempts to mandate no-fault auto insurance nationwide died a slow death around the turn of the last century, the victim of unrealistic expectations by its proponents and, more importantly, well-organized opposition by those who stood to lose from its adoption: trial lawyers, some insurance companies and, surprisingly, consumer advocate Ralph Nader. Are conditions finally ripe for another run at the consumer reform movement’s holy grail, sweeping changes to simplify auto insurance, ensure that the injured are compensated and reduce its cost dramatically? This is hardly a new cause … (more)

[Peter Kinzler, Milken Institute Review, 23 January 2024]