Magazine article Risk Management

Risky Business: Insurance Markets and Regulation

Magazine article Risk Management

Risky Business: Insurance Markets and Regulation

Article excerpt

RISKY BUSINESS Insurance Markets and Regulation

Edited by Lawrence S. Powell

To say insurance regulation in the United States is complicated is an understatement. The current system requires insurers to deal with 56 separate jurisdictions, each with its own rules and regulations. Critics contend that the inefficiencies of this fragmented system create billions of dollars in costs that are ultimately passed on to consumers in the form of higher premiums. They believe that the best solution would be a uniform federal system of regulation. It is a heated economic and political debate that has not always found universal support in the insurance industry. But today, the climate may be shifting.

Published by the Independent Institute, a California-based research organization, Risky Business deftly examines the state vs. federal regulatory debate and makes a convincing case for reform. The book brings together a group of risk management and insurance experts to discuss a variety of related topics, including the foundations of insurance, failures of previous reform efforts and comparisons of insurance regulation in the United States and the European Union. …

Search by... Author
Show... All Results Primary Sources Peer-reviewed

Oops!

An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.