Your editorial on California's liability-insurance crisis calls for treatment of the crisis' symptoms but does not examine the disease.
The disruption in the insurance market has not been caused by lack of competition, lack of regulation, or the insurers' limited antitrust exemption. The disease causing the disruption is the cancerous civil justice system. Premiums have increased and insurers have withdrawn from markets because of staggering losses and the lack of predictability in the tort system.
The editorial blames the current crisis on a lack of competition among insurers. But it then contradicts itself by arguing that the present market problems have been caused by companies competing for business by selling policies at bargain rates. In fact, liability insurance is sold in a highly competitive market, which works to keep insurance rates low.
Strict regulation of insurance rates will not cure the problems of cost and availability. States with strict regulation of insurance rates have suffered from the same problems that have plagued California. The reason is that those states and California both suffer from a civil justice system that is out of control.