Right Street

Florida insurance reform push draws strange bedfellows

Tom Grady, interim chief of Florida’s Citizens Property Insurance Corp., has been on a tour of the Sunshine State, trying to defend he and his board’s efforts to try to speed depopulation of the state-run insurer and place it on …

La. Legislature Takes Wrong Turn on Rates

The Louisiana Legislature wrapped up their 2012 session late June 4 by passing S.B. 204 , a bill that would reinstate a partial suspension of the requirement that state-run Louisiana Citizens Property Insurance Corp. must charge rates at least 10 …

Does Rick Scott Support the ‘Beach House Bailout?’

Much of Florida Gov. Rick Scott’s tenure in office has been consumed with confronting the mistakes his predecessor made in the property insurance market. Charlie Crist left office having stuffed the two state-run entities — the Florida Hurricane Catastrophe Fund …

Report Card Ranks Vermont Best, Florida Worst States for Insurance

The R Street Institute published its first research project as an independent institution today, a report card of the insurance regulatory environments in each of the 50 states. The report card builds on a series of annual reports my colleague …

Raise Rates, Keep Florida Citizens

The Fort Meade Leader, a smallish Florida Newspaper, has a bang up editorial today about the Florida Citizens Property Insurance Corporation continuing woes. Despite signifiant improvements in its management, an despite its successful placement of a largest-ever cat bond, Citizens …

Free Markets Don’t Have to Mean No Regulation

A pragmatic, free-market take on insurance related issues from R Street Institute’s Eli Lehrer. A one-time boss of mine—a bearded gentleman who liked cigars, opera, candy and the Austrian School of economics—used to insist to me that the private sector …

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