In 2019, we saw progress toward more competitive insurance markets. Residual property insurance mechanisms continued to shrink. Florida enacted landmark reform of its assignment-of-benefits system and Michigan finally ended its mandate that all personal injury protection policies must provide unlimited lifetime medical benefits, which had driven out-of-control costs for decades.
Press release: The R Street Institute Releases Eighth Annual Insurance Regulation Report Card [1]
Endnotes
- “The R Street Institute Releases Eighth Annual Insurance Regulation Report Card”: https://www.rstreet.org/2019/12/04/the-r-street-institute-releases-eighth-annual-insurance-regulation-report-card/