Heartland Institute Responds to N.C. Commissioner Goodwin’s Comments on Automobile Insurance

Published April 11, 2011

WASHINGTON, DC – The national director of The Heartland Institute’s insurance project today responded to commissioner Wayne Goodwin’s statements opposing auto insurance reform legislation pending before the North Carolina legislature.

“Although I do understand where he is coming from, I don’t agree with Commissioner Goodwin’s position on this issue,” said Eli Lehrer, vice president of Heartland’s Washington, DC operations and national director of its Center on Finance, Insurance, and Real Estate, who has written widely on North Carolina auto insurance. “None of the legislation being proposed is perfect, but the current North Carolina insurance system doesn’t work as well as it could.”

Lehrer says consumers get a bad deal under the current system. “North Carolina residents pay about the same for auto insurance as Virginia residents but have far fewer choices of innovative products. Furthermore, if they’re older, female, or very low-risk drivers, they almost certainly pay more than they would elsewhere. Change would be helpful.”

Lehrer can be reached for further comment at 202/615-0586 or [email protected].

The Heartland Institute is a 27-year-old national nonprofit organization with offices in Chicago and Washington, DC. Its mission is to discover, develop, and promote free-market solutions to social and economic problems. For more information, visit our Web site at http://www.heartland.org or call 312/377-4000.