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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Trump’s Strait of Hormuz insurance plan gambles with taxpayer dollars
As wars and skirmishes escalate, the risks to commerce increase and are reflected in market prices. In past conflicts, shipping firms faced soaring premiums as…
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Congress keeps propping government-backed deposit insurance up, risk keeps rising
On Sunday, the Federal Deposit Insurance Reform Act of 2005 marked its 20th anniversary. This Act consolidated the Bank Insurance Fund and the Savings…
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HSAs: A silver bullet for the silver loading conundrum
After the longest government shutdown in American history — ostensibly caused by the expiration of the expanded Obamacare subsidies — Republicans have debated health care…