Parting Shots

SMART: An Opportunity to Re-Energize States

Through the State Modernization And Regulatory Transparency Act (SMART Act), Congressmen Michael Oxley (R-Ohio), and Richard Baker (R-La.), have made a creative initial proposal to re-energize state insurance regulation based on principles of competition and uniformity. It is important to …

Illinois Comp Reform Bill Won’t Deliver On Its Promise

Despite engaging in the longest session in Illinois history, state legislators headed home this summer leaving a crucial bill to reform the state’s workers’ compensation system in limbo. Lawmakers may consider the proposal when they return to Springfield for the …

Nonadmitted Markets Open Options for Homeowners

Even before Charley and Frances, insurers were fleeing the homeowners market for high-risk properties at an alarming pace. Over the last several years, large catastrophe and mold losses have caused insurers to dramatically trim, and in many cases, deny coverage …

Better State Policy Will Make Better Insurance Policies

The Texas home and auto insurance market is finally on the mend. Rates have begun to stabilize, and thanks to landmark reforms passed in 2003, companies are even eyeing our state as a place to do business. Competition and its …

The Case for Appraisal in Settling Claim Disputes

Appraisal can be readily implemented, costs less than a trial, and can often be completed within a short time, for practically any valuation dispute. As someone who makes his living representing people who sue each other, it may sound odd …

The Case for Appraisal in Settling Claim Disputes

As someone who makes his living representing people who sue each other, it may sound odd for me to say, but it’s true—a lawsuit is not the answer to every dispute. A case in point is a typical dispute over …

Nonadmitted Markets Open Options for Homeowners

Myths about the E&S market should not prevent homeowners from securing high-quality coverage. High-quality nonadmitted markets can provide consistent, reliable coverage for high-value and high-risk properties. Even before Charley and Frances, insurers were fleeing the homeowners market for high-risk properties …

Nonadmitted Markets Open Options for Homeowners

Even before Charley and Frances, insurers were fleeing the homeowners market for high–risk properties at an alarming pace. Over the last several years, large catastrophe and mold losses have caused a number of insurers to dramatically trim, and in many …

Nonadmitted Markets Open Options for Homeowners

Even before Charley and Frances, insurers were fleeing the homeowners market for high-risk properties at an alarming pace. Over the last several years, large catastrophe and mold losses have caused a number of insurers to dramatically trim, and in many …

Remember the Lessons of Hurricane Andrew

Due to efforts to rebuild the Florida property insurance market after Hurricane Andrew, most policyholders in the wake of 2004s more costly hurricane season should not face the same post-Andrew price increases or limited availability of homeowners’ insurance. Voices are …

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