Insurance Regulation


Florida and Reinsurance – Pulling Back the Covers
Jerry Theodorou

The Florida Legislature will conduct a special session during the week of December 12 focusing on fixes for a failing, flailing insurance market in the state that has reached crisis levels. Symptoms…

Radio: Florida’s Homeowners Insurance Market in Trouble Well Before Hurricane Ian
Caroline Melear

R Street Institute Resident Fellow Caroline Melear joined WNZF News Radio to talk about how Hurricane Ian could spur lawmakers to fix longstanding issues in Florida’s homeowners insurance…

Hurricane Ian devastates Florida. Will it collapse the homeowners insurance market?
Caroline Melear

Hurricane Ian, a massive and powerful Category 4 storm, made landfall on the gulf coast of Florida on Wednesday. With unprecedented storm surge of 12 to 18 feet and winds around 150 miles per hour,…

, Insurance Journal
Sparks Fly at National Flood Insurance Program Reauthorization Hearing
Jerry Theodorou

On June 23, the U.S. Senate Banking, Housing, and Urban Affairs committee held a hearing to discuss legislative proposals to reform the Federal Emergency Management Agency’s (FEMA) National Flood…

The Problem with your Local Ambulance Chaser
Theo Menon

People across the country are feeling the effects of historic levels of inflation at the gas pump and grocery store as they struggle to make ends meet and put food on the table. While debates on…

, Orange County Register
Could California be headed for a homeowners insurance catastrophe?
Caroline Melear

Californians are in the midst of an environmental crisis as the frequency and intensity of wildfires worsen. This year alone has produced an unseasonable January wildfire in Big Sur and a…

Senate Banking Committee NFIP Reauthorization Overview Featuring R Street’s Jerry Theodorou
Caroline Melear

The Senate Committee on Banking, Housing, and Urban Affairs held a hearing Thursday to discuss the reauthorization and reform of the National Flood Insurance Program (NFIP).
Founded in 1968…

, Law360
Senators Clash Over FEMA Proposal To Block Flood Insurance In Risky Areas
Jerry Theodorou

From Law360:

More broadly, Toomey said the NFIP is “fundamentally broken” and asserted that “we should be protecting the transition to actuarially sound premiums” — meaning ensuring premiums…

, Law360 Legal News
NFIP Experts Urge Senators To Mitigate Flood Risks
Jerry Theodorou

From Law360 Legal News:

The Federal Emergency Management Agency’s transparency with its own risk rating algorithms drew sharp criticism from Sen. John Kennedy, R-La. He criticized the work of two…

, The Wall Street Journal
Flood-Prone Homes Could Lose Federal Insurance Under FEMA Plan
Jerry Theodorou

From The Wall Street Journal:
Mr. Toomey asked Jerry Theodorou of the R Street Institute, a conservative-leaning Washington-based think tank, how seriously Congress should look at paying…

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