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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NCPA

The Meltdown Next Time

When the insurance giant American International Group was threatened with collapse in late 2008, its credit default swap business and other international operations were…

Insurance