A proposal to alter the verbal threshold option for New Jersey‘s auto drivers would add $98 to $163 per car to consumers automobile bill according to an actuarial study.
The study, commissioned by Save Choices for New Jersey Drivers, was done by Pinnacle Actuarial Resources Inc. based in Bloomington, Ill., an independent firm.
Save Choices is a group of carriers, insurance agents, businesses, and carrier associations who have banded together to fight proposed legislation—bill numbers A-3531 and S-2533—which would expand the language of the current verbal threshold option. Under the option, drivers agree not to sue for pain and suffering from non-serious injuries.
