Insurance, when prices are based on risk, sends clear signals about the relative safety of behaviors and can alter consumer choice for a safer and more stable society. But when certain parties seek protectionist policies to socialize risk, responsible people end up paying for the risky choices of others.

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Ethanol, Amtrak and Auto Insurance

New global warming legislation contains subsidies for ethanol production. Amtrak, which loses money annually, is now embroiled in legal troubles. State governments take an increasingly…

Climate