IBA South: Southern states rated in 2016 Insurance Regulation Scorecard
A December report by research firm R Street evaluated the climate of insurance regulation across American states, with respect to politicization and fiscal efficiency among others.
Southern states got a generally low score with the exception of Texas, which got a perfect 10 out of a possible 10. In comparison, Oklahoma got a 2.1 rate, with Louisiana on its heels with its 2.9 score. Arkansas got a 5.7 grade, taking up a middle position.
“Insurance regulators are public servants, and thus it is necessary and valuable for the public to have oversight of their activities. But such oversight is properly exercised through the executive, legislative and judicial branches. Trained, professional regulators can much more effectively enforce the law, unbidden by the shifting winds of political passions,” author RJ Lehmann explained in the report.