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

Blog

No Fault Failure

On Monday, the RAND Corporation released a comprehensive overview of the no-fault insurance system and documented how the one-time darling of insurance systems has fallen…

Insurance