N.J. Auto Reform Needs Consumer Focus:Commissioner

New Jerseys latest effort to reform its auto insurance laws mustbe “acceptable for all policyholders” and retain protections forconsumers that include rate controls, the states top insuranceregulator said.

New Jerseys Banking and Insurance Commissioner Holly C. Bakke,in an interview with National Underwriter, also expressedthe view that what will be good for consumers, in the long run,will benefit insurance agents and the industry. Her department islooking to strike a balance between consumer protections andattracting insurers to the state.

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