INSURANCE: A Timid Step Toward Reform

Hardly anybody disputes the proposition that today's system of private auto insurance is a frustrating failure. Angered by soaring premiums, abruptly canceled policies and dubious compensation to victims for losses and injuries, millions of Americans have concluded that radical reform of the $12 billion-a-year industry is an urgent necessity. Last week the Nixon Administration endorsed that idea, but in such fainthearted fashion as to provoke accusations that it had capitulated to stand-pat forces in the industry.

Presenting the Administration's reform proposals to the Senate Commerce Committee, Secretary of Transportation John Volpe argued: "The present system needs change badly and needs it...

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