PCI urged Gov. to veto legislation that would have led to more lawsuits, greater liability and increased insurance costs, according to the association
New Jersey Governor Jon Corzine used his veto to stop wrongful death legislation that would have led to more lawsuits, greater liability of individuals and businesses, and increased insurance costs in the state, according to the Property Casualty Insurers Association of America (PCI).
Richard Stokes, regional manager and counsel for PCI, said: “We urged the governor to veto the legislation because it would have inappropriately expanded the criteria of who may sue under a wrongful death action and made it difficult to compensate those who truly suffer from a wrongful death of a loved one.’
“We urged the governor to veto the legislation because it would have inappropriately expanded the criteria of who may sue under a wrongful death action and made it difficult to compensate those who truly suffer from a wrongful death of a loved one.
Richard Stokes, regional manager and counsel for PCI
Commenting on the veto, Gov. Corzine said that the current bill did not strike a fair balance that would avoid using a strict monetary valuation of a person's life while also addressing the adverse effect of allowing unlimited and unpredictable damages.
He added: ‘With the veto of the wrongful death bill, the major legislative issues that affected the property casualty during the recently adjourned session have been resolved.’
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