While life and auto insurers compete vigorously to gain market share, homeowners insurers must make do with paltry profit potential.
From the category archives:
Letters From DC
Sens. David Vitter and Jon Tester are leading a final push to get flood insurance reform passed in Congress.
For no reason that is apparent, Florida state Rep. Dorothy Hukill has been killing efforts to fix the Florida Hurricane Catastrophe Fund.
With Congress facing record-low approval ratings and voters complaining about partisan rancor, bringing a floor vote on reforms to the National Flood Insurance Program should offer a rare opportunity for the parties to work together.
North Carolina needs to shrink its largest-in-the-nation residual market and end the policy of guaranteeing insurers’ profits.
Reflections and observations from the Insurance Information Institute’s recent P&C forum at New York’s Waldorf-Astoria Hotel.
As more bricks-and-mortar retail institutions bite the dust, it’s only a matter of time before financial services undergoes the same transformation to web-based commerce.
Expect Congress to pass flood insurance reform and make progress on crop insurance. Legislation looking to create optional federal charter, a national catastrophe fund backstop or to roll back Dodd-Frank or Sarbanes-Oxley all face significantly longer odds.
Twenty years after the fall of the Soviet Union, on Christmas Day 1991, it bears repeating how much centralization led to the collapse.
Federal Insurance Office Director Michael McRaith is the right man for the job of standing up this new agency. Congress shouldn’t strip his powers before he even has a shot to try.
