Articles by R.J. Lehmann

The L&E Blog on Insurance Journal presents the work and viewpoints of The International Center for Law & Economics. R.J. Lehmann is editor-in-chief and senior fellow of the International Center for Law and Economics.

How the Digital Tax Could Swallow Insurance

Though tensions were high coming in, President Donald Trump left the World Economic Forum in Davos, Switzerland, with at least a temporary truce on one of his latest threatened tariff fights. Trump and French President Emmanuel Macron reportedly came to …

‘Minibus’ Marks Missed Opportunity for TRIA, Ex-Im Risk Transfer

There has been much talk in recent years about the need to “drain the swamp” in Washington and bring public accountability to a federal government mired in self-dealing and special interests. But Congress this week will almost certainly approve a …

For Second Year in a Row, Louisiana Flunks R Street’s Insurance Report Card

The 2019 edition of the R Street Institute’s annual Insurance Regulation Report Card is out and, for the second year in a row, Louisiana has the ignominious distinction of finishing dead last. By our lights, the Pelican State has the …

Some States Jumping the Gun on Predictive Modeling Review

The National Association of Insurance Commissioners has started the process to produce a review guide for predictive models that could guide how state insurance departments oversee insurers use of so-called “big data.” But reports from the field suggest that, even …

NAIC Innovation Panel Moves for Update of Anti-Rebating Model

The National Association of Insurance Commissioners has taken the first step in what stands to be a more than yearlong process to update the rules states use to police impermissible “rebates” offered by insurers and insurance producers. By a unanimous …

Reinsurance Could Protect Taxpayers From More NFIP Borrowing After Barry

The impending strike of Tropical Storm Barry on Southeast Louisiana, coming at a moment when the Mississippi River is cresting at heights not seen since 1927, has many fearing a replay of the devastation wrought by Hurricane Katrina in 2005. …

Misguided Editorialists Try to Raise the Beach House Bailout from the Dead

Each time it has been trotted out on the public stage, the Beach House Bailout has died an ignominious death. Leave it to the necromancers on the Tampa Bay Times editorial board to try to raise this zombie idea from …

California Does Not Have a Wildfire Insurance Crisis

It’s understandable that wildfire is on the top of mind for California lawmakers this session. Coming on the heels of the 2017 wildfire season that saw $13.2 billion in insured losses, the fires last November that destroyed the town of …

Has Michigan Fixed Its Broken Auto Insurance System?

It took the threat of a ballot initiative to make it happen, but the deal no one ever thought they would see has come to fruition: Michigan’s lawmakers have passed legislation to reform the state’s worst-in-the-nation auto insurance market. In …

Texas Moves Closer to Boosting Private Flood Market

The nation’s second-largest market for flood insurance may soon join more than a dozen other states in waiving requirements that insureds first search the admitted market before placing a private flood insurance policy with a surplus lines carrier. In a …