Workers Comp

Taxpayer advocates and industry to Congress: Oppose the president’s proposal to alter reinsurance tax provisions

February 9, 2016 Dear Chairmen Brady and Hatch and Ranking Members Levin and Wyden: The undersigned members of the Coalition for Competitive Insurance Rates and others are writing to express …

Vermont leads nation in effective insurance regulation, North Carolina least effective, R Street study finds

WASHINGTON (Dec. 1, 2015) – The R Street Institute has released its annual report card on insurance regulation, awarding Vermont and four other states with a grade of …

Gillibrand proposes reinsurance tax gimmick to fund 9/11 victims

In his seminal 1987 work Crisis and Leviathan, economic historian Robert Higgs traces the pattern of government growth as a response to catastrophic events. The federal government, in …

Market fine after Congress fails to reauthorize fed-backed terrorism risk insurance

When Congress headed home for the year last week without renewing the Terrorism Risk Insurance Act (TRIA) many in the real estate, tourism and insurance business predicted disaster. …

What if they threw a market panic and nobody came?

The news last week that Congress would adjourn without extending the $100 billion federal backstop offered by the Terrorism Risk Insurance Act was greeted with howls of shock …

R Street says House terror insurance bill is short on reform

WASHINGTON (Dec. 9, 2014) – The R Street Institute expressed disappointment at newly introduced U.S. House legislation that would extend the federal Terrorism Risk Insurance Program for six …

Gov. Brown forces AB 2616 to walk the plank

California’s workers’ compensation system is a political flashpoint that attracts the interest of labor, management, attorneys and insurers. Last session, a skirmish about expanding the scope of workers’ …

California state funds continue to shake up cat bond market

California's recent "Winequake" brought the public's focus back to the state's significant vulnerability to seismic events. Fortunately, the tremors, while costly, did not tally a high human score. …

Senate terrorism insurance bill fails to make appropriate reforms

WASHINGTON (July 17, 2014) – The R Street Institute today urged members of Congress to commit to sensible reforms to the federal Terrorism Risk Insurance Program, as called …

R Street commends committee for passing TRIA reform

WASHINGTON (June 20, 2014) – The R Street Institute welcomed today's passage of H.R. 4871, the TRIA Reform Act of 2014, by the House Financial Services Committee. The measure, …

R Street encouraged by House bill on terrorism insurance

WASHINGTON (June 12, 2014) - The R Street Institute welcomes today's introduction of the TRIA Reform Act of 2014, legislation that would make significant, positive changes to the federal …

House Republicans offer road map for the future of terrorism insurance

Having previously played (and arguably, lost) two prior rounds of legislative "chicken" with the insurance industry, congressional conservatives are making it known that, this time around, they're quite …

Congress should help, not hinder, private terror insurance markets

Earlier this week, I took part in what I found to be a lively and enlightening panel discussion on the Terrorism Risk Insurance Act, the now-12-year-old federal program …

R Street’s Lehmann on terrorism insurance

R Street Co-Founder, Editor-in-Chief and Senior Fellow R.J. Lehmann participated in a panel organized by National Journal magazine and hosted at Chicago's Soldier Field by Zurich North America …

R Street warns time is short to consider TRIA reforms

WASHINGTON (Feb. 25, 2014) – With the federal Terrorism Risk Insurance Program set to expire at year's end, the R Street Institute urged members of Congress to act …

Virginia ranks first, New York last, in R Street’s 2013 Insurance Regulation Report Card

WASHINGTON (Dec. 18, 2013) -- Virginia and Vermont had the best insurance regulatory environments in the United States this year, while New York had the worst, according to …

Wisconsin workers’ comp insurers propose to rein in costs

States once again show the way to management and reform of public systems by having affected interests sit down together to work out a plan. In Wisconsin, the …

Insurance shows that federalism works

Fifty-four years ago, the Advisory Commission on Intergovernmental Relations was established by statute to examine the best or most logical accommodations of federalism. For many years, it held …

Noonan: Insurers can cover terrorism privately

A poll released last week by the Risk and Insurance Management Society -- the trade association for risk managers of corporations, non-profits and local government agencies, who together …

‘Moral hazard’ isn’t a good reason to end TRIA

My friend Mark Calabria at the Cato Institute has a good piece in Roll Call that makes the case for allowing the Terrorism Risk Insurance Program to lapse. …

A Royall legacy

Two hundred and twenty-six years ago this week, two prominent citizens and a 30-year-old represented the people of North Carolina by signing what has come to be the …

TRIA: To extend or not to extend

Just in time for the 12th anniversary of the Sept. 11 terrorist attacks, our friends at the Cato Institute have published an interesting new report that calls for …

Indiana balance-billing law latest in fight over ‘reasonable’ charges

One of the long-standing tensions in health care  finance -- whether you're talking about health insurance or managed care, for-profit or non-profit, workers' compensation, Medicare, Tricare,  automobile medical …

Nobody’s fault in Michigan

There are two schools of thought about how to analyze a benefits system. The first is to look at its overall function and how the various parts interrelate. …

R Street welcomes committee vote on Michigan auto insurance reform

LANSING, Mich.  (May 3, 2013) – Legislation approved last night by the Michigan House Insurance Committee will help tame out-of-control claims costs that have led the state's drivers …

Obama proposes government-run workers’ comp insurer

WASHINGTON (April 12, 2013) --  The R Street Institute today asked that the White House come forward with more details about a legislative proposal it floated this week …

R Street finds Wisconsin workers’ comp system fails to control costs

WASHINGTON (Dec. 10, 2012) -- Wisconsin’s 20-year-old certified database system has failed to control costs in the state's workers' compensation market and should be replaced with more aggressive …

Medical cost containment in the Wisconsin workers’ compensation market

Wisconsin’s 20-year-old certified database system, used to resolve disputes about the reasonableness of medical reimbursements paid by workers’ compensation carriers, has failed to control costs and should be …

Rep. Cummings wants federal workers comp insurer for overseas contractors

U.S. Rep. Elijah Cummings, D-Md. – the former chairman and current ranking Democrat on the House Oversight and Government Reform Committee – has some issues with American International …

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