Articles by Ray Lehmann

Keep the Mississippi Wind Pool Free of Politics

Mississippi Insurance Commissioner Mike Chaney wants the state Legislature to pass legislation to give him much more control over the Mississippi Windstorm Underwriting Association and how it manages its finances. That probably shouldn’t be surprising. He may be a conservative …

No Need to Raise Kansas Auto Insurance Limits

When legislation that would force consumers to buy more of a thing is opposed even by the companies who sell that thing, that’s a pretty good sign it’s a pretty bad idea. H.B. 2104, under consideration by the Kansas House …

Is ‘Target Vol’ Behind the Stock Market Gyrations?

It’s not been a great week for those who claim the insurance sector can never be a source of systemic risk. After a long period of quiet, market volatility—as measured by the benchmark VIX Index—is back, and insurers appear to …

Commercial lines deregulation is having a moment

Insurance long has had a reputation as one of the most conservative industries and that reputation is, in many ways, an earned one. Certainly in comparison to their financial services cousins in banking and securities, insurance company operations on both …

Art of the Terrible, Horrible, No Good, Very Bad Deal

Reforming the National Flood Insurance Program long has been a contentious issue. What it had never been, before 2017, is an explicitly partisan one. It was, instead, largely a regional dispute, as Republicans from Louisiana and Mississippi, and Democrats from …

CBO’s NFIP Report Makes Clear How We Encourage People to Live at the Coast

With recovery from Hurricane Harvey just begun, and with the powerful Hurricane Irma bearing down in the days to come, policymakers are being forced to think hard about federal policies that long have encouraged development in coastal zones and other …

Throwing Cold Water on the Insurance Industry’s Dog Bite Numbers

Today is National Pet Day, a day to cherish the love, entertainment and fulfillment provided to us by our animal companions. Or, if you’re in the insurance industry, it’s a day to stoke fear of dog bites. “Dog-Bite Claims Surge …

New York Homebuyers Are Overpaying on Title Insurance

Homebuyers in New York State overpaid on the cost of their title insurance to the tune of $155.3 million last year, according to a new report from OneTitle National Guaranty Co. Based on public records for 182,487 real estate transactions …

Massachusetts Ridesharing Bill Moves into Final Stretch

Transportation network companies like Uber and Lyft would be legally sanctioned to operate in Massachusetts, under a set of mostly reasonable regulation, under legislation approved this week in a 34-2 vote of the state Senate. The measure would place TNCs …

CEA Plans to Fix What Isn’t Broken

The California Earthquake Authority has had some great shopping luck this year. According to a report from Insurance Insider, the state-backed residual market pool was able to buy a total of $4.51 billion in traditional reinsurance coverage during the January …