The California Department of Insurance has approved the state’s first private passenger auto policy endorsement specifically crafted to cover drivers for transportation network companies like Uber and Lyft. Coming just 77 days after the CDI signaled it was prepared to …
The National Association of Insurance Commissioners has begun a 30-day comment period on a draft white paper (available here) that no doubt will shape the development in states across the country of insurance requirements relevant to transportation network companies like …
When news broke that the Utah Department of Insurance found that popular new benefits company Zenefits was not in compliance with state insurance law, and would have to alter its operation or cease transacting business, there was an outcry from …
The California Earthquake Authority has a heady legislative agenda on-tap for 2015, and Californians without earthquake insurance coverage could be made to foot the bill. The CEA’s CEO, Glenn Pomeroy, on Wednesday presented two proposals, one laudatory and one lamentable, …
Insanity is doing the same thing again and again and expecting a different result. Even a casual observer of the U.S. economy since its collapse in 2008 is likely familiar with the terms “toxic debt” and “default risk.” As it …
An administrative agency has again found itself at odds with free-market innovation. In this case, Utah’s Department of Insurance has demanded that a popular new web based human resources platform named Zenefits (which we use here at R Street) cease …
A new report commissioned by the Property Casualty Insurers Association of America and the National Association of Mutual Insurance Companies has found there would be significant economic costs associated with imposing global capital requirements on U.S. property and casualty insurers. …
Reasonable observers of California government must give credit when credit is due. In this case, the good news is that the California Department of Insurance reports it is prepared to review auto insurance policies for transportation network company drivers. The …
The history of the American administrative state has been filled with attempts to introduce “rationality” and “discipline” to circumstances in which markets, left to their own devices, allegedly lead to socially or politically undesirable outcomes. Brimming with good will and …
When the U.S. Supreme Court decided the fate of the Affordable Care Act’s individual mandate in 2012, the nation was gripped by an intimate and personal political drama worthy of Broadway or, at least, General Hospital. Debates about insurance mandates …
