R Street’s insurance policy program explores efficient and effective market-based approaches to public policy questions that involve the transfer of risk. Among its priorities are risk-based insurance regulation, ending environmentally destructive taxpayer subsidies through the National Flood Insurance Program and the Federal Crop Insurance Corp. and exploring the benefits of mitigation through programs like the RESTORE Act and the Coastal Barrier Resources System.
The Issue
Publications
November 16, 2018
Dear Representative/Senator,
The undersigned organizations are leaders in the conservative and free-market community, representing millions of members, supporters, and…
The Honorable Paul Ryan
Speaker of the House
1233 Longworth HOB
Washington, D.C. 20515
The Honorable Nancy Pelosi
Democratic Leader
H-204, United States Capitol
Washington, D.C….
Support Senator Grassley’s efforts to ensure that only actual farmers receive taxpayer support.
Lawmakers returning from the campaign trail have some work to do before the next Congress begins…
Climate Groups Cringe at Virginia Tax Cut for Oft-Flooded Homes
Media Coverage
From Bloomberg:
National groups were less enthusiastic. R.J. Lehmann, director of insurance policy at the R Street Institute, a Washington-based think tank that advocates free-market solutions to…
From Bloomberg:
National groups were less enthusiastic. R.J. Lehmann, director of insurance policy at the R Street Institute, a Washington-based think tank that advocates free-market solutions to…
, The Hill
With the NFIP underwater, expand private sector’s role
Media Coverage
From The Hill:
Despite lawmakers’ decision to forgive $16 billion in loans last year, the program’s debts still exceed $20 billion and it continues to lose $1.4 billion every year.
Privatization Can Help Save the National Flood Insurance Program
Media Coverage
From InsideSources:
Its debt now stands at about $20.5 billion, and that’s after Congress forgave $16 billion of the program’s debts last fall.
As the climate worsens, wealth inequality will, too
Media Coverage
From the Washington Post:
Second, flood insurance rates have not kept up with increased risks, resulting in a $20 billion debt load despite congressional bailouts. Finally, even where flood…
Prop. 103 has saved California drivers $154B
Media Coverage
From the Torrance Daily Breeze:
A 2015 report from the R Street Institute said California’s current insurance system discourages competition because it’s slower, less predictable and more…
The undersigned organizations write in support of H.R. 5381, the “Government Risk and Taxpayer Exposure Reduction Act of 2018” or the “GRATER Act of 2018,” and we ask that the House pass the…