As stories about nonconsensual or “predatory” practices proliferate, a number of states have begun to consider legislation to mitigate some of the abuses of the towing and vehicle-storage industry. However, we remain a ways off from anything like a national …
The controversy surrounding the political consulting firm Cambridge Analytica’s use of personal data harvested from social media accounts without the users’ permission is among the first of what likely will be a long series of public debates about how the …
California Insurance Commissioner Dave Jones exceeded his statutory authority by considering the investment income of separate State Farm affiliates when he ordered State Farm General Insurance Co. to roll back its homeowners insurance rates retroactively, according to a “minute order” …
The U.S. market for privately written flood insurance grew by 51.2 percent last year, with state-level markets growing both more competitive and less profitable, according to 2017 statutory insurance filings compiled by S&P Global Market Intelligence. Comparing S&P’s data with …
Just as any kid hates when mommy and daddy are fighting, I hate to see tempers flare between two public figures I respect. But should such a thing transpire – as it did in a March 7 hearing of the …
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 …
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 …
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 …
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 …
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 …
