Tag: Insurance

News Release

March 7, 2013

Statement by StrongerSafer Florida regarding Senate Banking & Insurance Committee voting in favor of S.B. 7018 Comments Off

TALLAHASSEE, Fla. (March 7, 2013)  – Today representatives from StrongerSafer Florida expressed their enthusiasm after the state Senate Banking & Insurance Committee voted in favor of S.B. 7018. Christian R. Cámara, Florida director, R Street Institute: “Although still a work-in-progress, today’s unanimous passage of the Citizens Property Insurance reform package out of its first Senate [...]

News Release

March 6, 2013

Texas House bill would create Hurricane Mitigation Week Comments Off

AUSTIN, Texas (March 6, 2013) -– The R Street Institute today welcomed the introduction of legislation in the Texas House of Representatives creating an annual sales tax holiday for items that help Texans better prepare for hurricanes. Introduced by state Rep. Geanie Morrison, R-Victoria, H.B. 2271 would declare May 25 to May 31 each year [...]

News Release

March 5, 2013

R Street welcomes introduction of Crop Insurance Subsidy Reduction Act Comments Off

WASHINGTON (March 5, 2013) — New legislation introduced today in both chambers of Congress would scale back massive federal subsidies for crop insurance, representing a major victory for both taxpayers and the environment, according to the R Street Institute. Introduced as S. 446 by Sen. Jeff Flake, R-Ariz., and as H.R. 943 by Rep. John [...]

Media Mention

Agriculture.com  •  March 5, 2013

Bills target crop insurance funding Comments Off

featuring Media

From Agriculture.com: “What makes the crop insurance program particularly troublesome is that, unlike other agricultural supports, the subsidies are neither means-tested nor subject to conservation compliance requirements,” says Andrew Moylan, senior fellow with R Street, a free market policy research group. “The end result is that 26 large agricultural producers each banked more than $1 [...]

News Release

March 5, 2013

R Street paper shows South Carolina at low risk of post-storm ‘hurricane taxes’ Comments Off

COLUMBIA, S.C. (March 5, 2013) — While a state Senate subcommittee has been appointed to study home insurance rates in South Carolina, new research from the R Street Institute demonstrates the state’s current system of property insurance regulation has held up well, particularly in contrast to other Southeastern states. In a new paper, R Street [...]

Analysis of the South Carolina Coastal Property Insurance Market

Policy Study

March 5, 2013

Analysis of the South Carolina Coastal Property Insurance Market Comments Off

by Ernst Csiszar

This paper aims to clarify the debate over property insurance rates and provide a basis for rational discussion of the current situation in South Carolina’s property insurance market. The paper examines how property insurance works, how it functions in coastal South Carolina, the business climate surrounding insurance, how insurers determine rates, and the roles of [...]

Disaster aid: Federal proposal might help Florida but not California

Op Ed

San Jose Mercury News  •  March 1, 2013

Disaster aid: Federal proposal might help Florida but not California Comments Off

by Eli Lehrer

U.S. Rep. Frederica Wilson, D-Fla., recently introduced the Homeowners’ Defense Act of 2013, which would create a semi-private federal pooling mechanism to help states deal with large-scale natural disasters. Florida and California in theory would be the biggest potential beneficiaries, but Californians have good reason to be skeptical. Wilson’s proposal can’t work and could further [...]

Saving the Earth, Saving Tax Dollars: The Case for Conservation Compliance

Op Ed

Huffington Post  •  March 1, 2013

Saving the Earth, Saving Tax Dollars: The Case for Conservation Compliance Comments Off

by Eli Lehrer

This piece was co-authored by Larry Schweiger, president and chief executive officer of the National Wildlife Federation. Whether they’ve inherited historic family farms, are setting out to grow crops for the first time, or work for massive agribusiness interests, nearly all of America’s farmers rely on some sort of government support. Programs exist to ensure [...]

News Release

February 28, 2013

R Street welcomes efforts to modernize N.C. auto insurance Comments Off

RALEIGH, N.C. (Feb. 28, 2013) –- The R Street Institute today welcomed new legislation that would reform North Carolina’s outdated and inefficient price controls for auto insurance. Under the terms of S.B. 154, sponsored by Sen. Wesley Meredith, R-Fayetteville, auto insurers could, beginning in 2015, voluntarily opt out of the North Carolina Rate Bureau, through [...]

Texas bills look to address mitigation, wind pool

Blog Post

February 28, 2013

Texas bills look to address mitigation, wind pool 0

by Julie Drenner

This week, two important pieces of legislation began moving through the Texas Legislature. H.B. 1890 was filed by Rep. Phil Stephenson, R-Wharton, and S.B. 784 by Sen. Juan Hinojosa, R-Corpus Christi, was referred to the Senate Finance Committee. H.B. 1890 is based, in part, on the tough conflict of interest and internal controls standards in [...]

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