Right Street

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 …

Managing the CEA’s growth would be easier with this one small fix

The California Earthquake Authority, the state’s privately funded and publicly managed earthquake “instrumentality,” is growing like mad. A spate of recent natural disasters—in combination with savvy management, new product offerings and a concerted effort to raise the profile of earthquake …

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 …

AOB Abuse Tops Agenda at Florida Chamber Insurance Summit

The Florida Chamber of Commerce brought together regulators, lawmakers, insurance industry executives and other stakeholders last week for the chamber’s annual insurance summit. Through several panel discussions on pressing and emerging issues facing the state’s insurance market, the summit touched …

New Insurance Lines Will Help Emerging Marijuana Market

The end of Prohibition in 1933 was greeted with celebrations, as newspapers slapped large-type headlines on their front pages declaring, for instance, that “Prohibition Ends At Last.” President Franklin Delano Roosevelt’s reputed words have made it into the quotation books: …

Taxing Affiliate Reinsurance Could Cripple the New Madrid Zone

Between Hurricanes Harvey and Irma, natural catastrophes are top of mind for many Americans. Yet, the nation’s exposure to catastrophic risk is not limited to wind and waves. Earthquakes, like hurricanes, are costly catastrophes that cast a shadow of potential …

Detroit Mayor, Statehouse Leaders Take Another Shot at Michigan No-Fault Reform

The state that long has been home of the American auto industry also long has taken a unique approach to auto insurance. The Great Lake state is the only one in the country that requires auto insurance policies to pay …

Gov. Brown Signs Bill that Could Energize Insurance Markets

Given the far-reaching nature of some of the bills that Gov. Jerry Brown signed into law in recent weeks, it’s no surprise that a relatively minor tweak to the insurance code didn’t muscle its way onto the front pages. But …

No, It’s Still Not ‘Time’ for a National Cat Fund. It Never Will Be.

Every few years, after a major hurricane strike or other disaster, there are renewed calls for Congress to establish a national catastrophe fund to provide a safety net for property insurers and cheaper coverage for homeowners. A recent Tampa Bay …

Right Street Archives by Month