The headlines blaring from the Sunshine State today are unambiguous. The state-run Florida Hurricane Catastrophe Fund is “in good shape” Indeed, its latest report card shows it is the “best it’s looked in years.” Let’s not pop the champagne cork …
As the push for modernization and consumer choice in North Carolina’s auto insurance system moves from the state Senate to the House, it’s worth going back to examine the goals the General Assembly set for itself on the topic a …
As legislative work picks up in earnest on Michigan Gov. Rick Snyder’s plan to reform the state’s woeful no-fault auto insurance system, we wanted to call attention to a less-noticed provision of the proposal that could nonetheless have a significant …
It’s easy to understand why many North Carolinians are skeptical of proposals to change how the state regulates auto insurance. In a state where homeowners insurance rates are fairly high, and auto insurance relatively affordable, the old adage about not …
I’ve already covered in these pages some of the things the editorial pages of North Carolina’s leading newspapers are getting wrong about S.B. 154, legislation to modernize the state’s system of setting auto insurance rates. But co-sponsor Sen. Jeff Tarte, …
My home state of New Jersey has been the scene of a number of historic events over the years, both famous and infamous: the invention of the incandescent light bulb, the first recorded baseball game, the Hindenberg disaster, the discovery …
Legislation to break up North Carolina’s rate bureau cartel and bring the state’s auto insurance market into the 21st Century has now been introduced in both houses of the General Assembly. This past week, Rep. Jeff Collins, R-Nash, introduced H.B. …
Floridians would face about $7.19 billion in post-hurricane taxes to make up the funding shortfalls of state-run Citizens Property Insurance Corp. and the Florida Hurricane Catastrophe Fund should even a 1-in-50-year storm hit the state – a tally that could …
Coming on the heels of a major deal that transferred 31,000 coastal policies and $30 billion in gross exposure to private start-up Weston Insurance Co., Florida’s state-run Citizens Property Insurance Corp. is moving to shift even more risk to the …
Floridians believe their state should stay out of the insurance business, rather than supporting a state-run insurance company, according to a recent poll sponsored by the Florida Chamber of Commerce. The result comes from an issues analysis poll prepared for …
