Right Street

Biden Tax Plan Hits Global Reinsurance

The bills for the Biden administration’s multi-trillion dollar American Jobs and American Families plans are expected to be footed by additional revenues generated by The Made in America Tax Plan. A headline feature of the plan raises income taxes on …

Credit-Based Insurance Scores – The Battle Heats Up

Earlier this month, the Colorado Senate passed a bill prohibiting insurance companies from using any external consumer data and information source, algorithm or predictive model for insurance premium calculation found to be unfairly discriminatory. Two weeks prior, on April 28, …

Bricks Without Straw?

You are no longer to supply the people with straw for making bricks; let them go and gather their own straw. But require them to make the same number of bricks as before. Exodus 5:7-8a Washington’s Gov. Jay Inslee’s emergency …

Good Economic Policy is Good Resilience Policy

When hurricanes or major storms strike the United States, most of the media coverage focuses on how climate change is exacerbating the intensity and frequency of major storms. But even as these catastrophic events occur, climate change is only a …

Conventional Unemployment Insurance Does Not Work in the Gig Economy

Like those on the opposite coast, New York courts and administrative panels have recently found that Uber drivers qualify for unemployment benefits. This is a problem. Indeed, even if the courts are right as a matter of law, what’s happening …

Is California’s Prop 103 System ‘Democratic’?

Defining the term “democracy” has long been a challenging proposition. Nearly all agree that a democracy is a government that reflects the will of the people, but questions about the particulars, of what structures are wise or useful to harness …

New York ‘Bad Faith’ Bill Repeats Mistakes of California and Florida

The State of New York may be on the verge of making the same mistake that has driven Florida auto insurance premiums through the roof, and that did the same in California until its high court learned the error of …

Tort Reform Could Move Louisiana Closer to a Passing Grade

For two years in a row, Louisiana has had the ignoble distinction of finishing dead last, with a grade of “F,” in the R Street Institute’s annual report card of the insurance regulatory environment in each of the 50 states. …

California Lawmakers Move Toward Risk-Based Rates

As the Soviet Union ultimately learned the hard way, price controls are a guaranteed way to prolong shortages. It has taken a few years, but there are promising signs California lawmakers may finally be ready to learn the same lesson. …

After All These Years, States Still Don’t Understand Credit Scoring

You may have missed it, as some bigger events have been dominating the headlines in recent weeks, but the West Virginia Legislature and Maryland General Assembly both recently adjourned after having considered bills (SB 659 and SB 17, respectively) that …

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