> Increased liability insurance, if mandatory, is effectively just a tax collected by an independent entity. No regulatory agency will be as effective for accu

> Increased liability insurance, if mandatory, is effectively just a tax collected by an independent entity. No regulatory agency will be as effective for accurately pricing risky behavior as an insurance market. > At least on first blush, it makes sense (to me) to just cut out that middleman and levy it directly. The whole point of liability insurance is restitution in the case where the insured caused harm. Adding a government tax would be adding a middleman.