Insurance Regulation

CA Legislature seeks data on race, sexual orientation of lobbyists

A letter late last month from the state Legislature’s six special-interest caucuses asking California lobbying firms to provide legislators with detailed demographic data has sparked debate and controversy …

Is the US about to get more free trade with the EU?

The following op-ed was co-authored by R Street Trade Policy Analyst Clark Packard. In a twist that surprised some, the Treasury Department is signaling its intent to sign a bilateral agreement …

NCOIL, NAIC on collision course over delegation authority

A conflict is brewing between the National Conference of Insurance Legislators (NCOIL) and the National Association of Insurance Commissioners (NAIC), even though neither side wants to admit it. …

Examining the effects of a border-adjustment tax on life insurance and annuities

WASHINGTON (June 22, 2017) – As Congress prepares to consider comprehensive tax reform for the first time in more than three decades, a new report from the R …

N.C. lawmakers again scuttle bill to reform rate bureau

Most of the auto insurance industry has for several years been trying to convince North Carolina's lawmakers to eliminate the last vestiges of the once-common "rate bureau" system, …

Homeowner insurance abuse needs to be addressed

As Gov. Rick Scott acts on legislation that was passed during the final weeks of this year's regular legislative session, there is one bill noticeably absent from his …

WannaCry underscores a need for cyber hygiene and insurance

“Oops, your important files are encrypted” read the pop-up message on hundreds of thousands of Windows operating systems across the world. The ransomware cyberattack, infamously labeled “WannaCry,” paralyzed …

R Street-Locke study finds BAT would hurt North Carolina insurance market

RALEIGH, N.C. (May 17, 2017) – Applying a destination-based cash flow tax—better known as a "border-adjustment tax," or BAT—to the import of reinsurance will cost North Carolina consumers …

California crackdown on brand advertising hurts state’s newcomers

California is an ethnically and culturally diverse state, and it is becoming more so with each day. That diversity brings with it economic strength, but also a need …

Florida’s insurance market is a template for the country

The National Flood Insurance Program is in deep debt. A handful of big storm years, particularly in 2005 and 2012, along with the artificially low rates charged to …

AB 1679: Reining in insurance department’s regulatory authority

After years of falling rates, the cost of auto insurance is now once again increasing across the nation. The problems of distracted driving and rising repair expenses are acting together …

R Street Institute applauds passage of AOB reform by Florida House

TALLAHASSEE, Fla. (April 26, 2017) – The R Street Institute applauds today's passage by the Florida House of Representatives of H.B. 1421, legislation designed to stem the tide …

FSOC is too political to be taken seriously

The Financial Stability Oversight Council is a political body masquerading as an analytical one. A dubious creation of the Dodd-Frank Act, it reflects that law's urge to expand …

Letter to Maine Committee on Insurance and Financial Services on anti-rebating laws

Distinguished chairs and members of the committee, my name is Ian Adams and I am a senior fellow with the R Street Institute, a free-market think tank headquartered …

H.B. 80 is short-sighted and would levy a tax on safe drivers

Delaware is poised to go back to the future with its approach to auto insurance. Inspired by California’s 1988 ballot initiative, Proposition 103, new Insurance Commissioner Trinidad Navarro …

California legislators consider self-driving vehicles and the need for Prop 103 reform

Proposition 103—California’s restrictive regulatory regime for insurance—may need a few tweaks as fewer and fewer cars on the road have human drivers. During a March 8 informational hearing, …

At NCOIL, state lawmakers look to claw back power from NAIC

Newly assertive leadership of the National Conference of Insurance Legislators appears eager to confront what it views as an ongoing usurpation of authority from state legislatures. Thomas B. Considine—now …

Trump should eliminate state lines for professional licensing

Perhaps not surprisingly, President Trump hasn't spent much time letting us know his thoughts on the ins and outs of insurance regulation. But to the extent he has …

Florida’s four walls of insurance reform

The attached policy study originally was published by the James Madison Institute. For many years, Floridians struggled to purchase insurance coverage—whether it be for their properties, vehicles or employees—in …

California high court gives insurance commissioner vast new powers

President Donald Trump’s spate of executive orders has jump-started a national debate about the wisdom of executive edicts, especially those that stray into the area of lawmaking. While …

Testimony on Washington state’s anti-rebating law

Madam Chair and members of the committee, my name is Ian Adams and I am a fellow at the R Street Institute – a free-market think tank headquartered …

State Farm and the commissar

Critics of California’s business climate routinely complain about the state’s high tax rates, its large and costly government, its coddled and overpaid class of government workers and its …

2016 Insurance Regulation Report Card

Welcome to the fifth edition of the R Street Institute’s Insurance Regulation Report Card, our annual examination of which states do the best job of regulating the business …

Reinsurance saved Florida from catastrophic losses

While this year’s storms Hermine and Matthew brought an end to the state’s decade-long hurricane drought, they easily could have been stronger or cut a more destructive path. Indeed, …

Agents for Change: Competitive reforms for producer licensing

More than a quarter of the U.S. workforce currently is subject to some form of state occupational licensing requirement, a figure that compares with just 5 percent in …

Court smacks down California regulators over broker/agent ruling

An Orange County, California court has given the state’s Department of Insurance a stunning smack down in a long-running case about the “broker fees” charged by some insurance …

NAIC San Diego: Self-driving cars and regulatory renewal

Insurance regulators are a diverse bunch. Some are elected, while others are appointed. Some are Republicans, while others are Democrats. At the triennial meeting of the National Association …

Insurance rate rollback sets regulatory precedent

A spat between the California Department of Insurance and the advocacy group Consumer Watchdog over a recent news release left Sacramento insiders scrambling to understand the policy implications …

California coal-divestment push mostly about politics

California voters in 1988 dramatically expanded the power of the state Department of Insurance and turned the insurance commissioner post into an elected position. The Proposition 103 initiative …

Coal divestment and the California insurance industry

California voters in 1988 dramatically expanded the power of the state Department of Insurance and turned the insurance commissioner post into an elected position. It also gave the …

R Street statement on selection of David Altmeier as Florida insurance commissioner

The following statement may be attributed to R Street Florida Director Christian Camara: The Cabinet had a difficult task in selecting a replacement for Kevin McCarty, Florida's first appointed …

People deserve second chances, even in the insurance industry

Two years ago, the online health-insurance broker and human-resources portal Zenefits hired an insurance agent with a criminal record. Now the San Francisco Chronicle is attacking the firm …

2015 Insurance Regulation Report Card

Welcome to the fourth edition of the R Street Institute’s Insurance Regulation Report Card, our annual examination of which states do the best job of regulating the business …

The troublesome legacy of Prop 103

In 1988, California voters approved Proposition 103 by a slim margin, 51 percent to 48 percent. Over the more than a quarter-century since its passage, implementation of the measure has …

‘Beach Plan’ insurance needs to do no further harm

When he was speaker of the North Carolina House of Representatives, now-U.S. Sen. Thom Tillis was fond of pointing to “the conservative revolution” that has taken hold in …

Anti-rebating laws and the Utah experience

Most free-market proponents recognize there can be a productive role for sensible regulation, but the bar is relatively high. First, one must identify some clear and compelling consumer …

2014 Insurance Regulation Report Card

Since it opened its doors two years ago, R Street has issued an annual Insurance Regulation Report Card. This is the third edition of our annual examination of …

2013 Insurance Regulation Report Card

Welcome to the R Street Institute's 2013 Insurance Regulation Report Card, our annual examination of which states are doing the best job of regulating the business of insurance. …

Rep. Wilson’s terrible, horrible, no good, very bad idea

Rep. Frederica Wilson's recent comments about disaster recovery rank among the most wrong-headed and poorly thought-out pieces of commentary ever to come from a sitting member of Congress. …

Letter to the Helena (Mont.) Independent Record

In their joint op-ed ("Rate review important for cost control," Jan. 8) Montana Insurance Commissioner Monica Lindeen and state Rep. Jeffrey Welborn, R-Dillon, argue that the state's health …

Letter to the Los Angeles Times

In its editorial urging greater federal preparedness for natural disasters ("Washington should prepare for disasters, not just react," Jan. 4) the Times offers support for "the California Earthquake …

When does mitigation make sense?

There is little doubt that free, sensibly regulated insurance markets provide the best incentives to encourage people to prepare their properties against nature’s worst. Given limitless resources to …

Charlie Crist: A sorry legacy

As a piece of political oratory, the short, upbeat speech that ex-Republican former Florida Gov. Charlie Crist delivered at the Democratic Convention Thursday worked pretty well. The perpetually …

Welfare scheme (Letter to the Tampa Tribune)

Proposals to decrease the size of Citizens Property Insurance Corp. by transferring some of its surplus funds to private insurers in exchange for assuming policies may seem like …

Let market determine our insurance rates

Twenty years ago today, Hurricane Andrew — at the time, the costliest storm in U.S. history — made landfall near Homestead. Andrew ended a 20-year period of modest Atlantic …

Letter to Sunshine State News, June 27, 2012

Citizens Property Insurance Corp.’s new Chief Executive Officer Barry Gilway deserves credit for his honesty in highlighting the need for higher rates. (“New Citizens Leader Suggests Breaking 10 …

Letter to Sen. Tim Johnson and Sen. Richard Shelby on Hagan amendment

Dear Chairman Johnson and Ranking Member Shelby: Thank you for your continued efforts to pass S. 1940, the Flood Insurance Reform and Modernization Act of 2012. As this important …

2012 Insurance Regulation Report Card

PDF Download Text A state-by-state study of the U.S. insurance regulatory system, examining which states are doing the best job of regulating insurance through limited, effective and efficient …

Eli Lehrer: Florida’s lawmakers ignore storm warnings

The official start of the Atlantic hurricane season is always June 1, but Mother Nature apparently didn't get the memo this year. Tropical storms Alberto and Beryl crashed …

Tackle high insurance costs

Motown's home state is rocketing up the wrong sorts of charts these days. A recent survey from Insure.com shows Michigan jumped over Louisiana in 2011 to take first …

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