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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…
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CEI warns House committee of dangers of deposit insurance hike
Starting with our late founder and president Fred Smith, CEI has long warned of the risks posed by government-provided deposit insurance to the nation’s banks.
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Hurricane Damage and Global Warming
How bad could it get and what can we do about it today?…
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How to Stop Another GM: Abolish Pensions
GM, of course, declared bankruptcy today. A number of things—bad management, poor products and screwy labor relations—hurt the company. But in the…
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Congress Gets Flurry Of Insurance Bills
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Permanent Replacement for Dinallo Likely Months Away
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Tax, Environmental Groups Question Hurricane Bailout Plan
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Legislature’s Continued Reliance on Catastrophe Fund a Disaster for Florida Finances
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Legislature’s Continued Reliance on Catastrophe Fund a Disaster for Florida Finances
When it announced recently that it would rely on the Florida Hurricane Catastrophe Fund alone for its reinsurance, Florida Citizens Property Insurance Corp. placed…
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Eli Lehrer: Legislature’s continued reliance on Catastrophe Fund a disaster for Florida finances
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Hurricane Funds In Financial Trouble
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Cybersecurity, Credit Cards and Hurricane Insurance
President Obama is expected to announce the appointment of a new cybersecurity czar. Credit card holders prepare for the changes recently passed by Congress. Congress…
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Hurricane Funds In Financial Trouble
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Hurricane Funds In Financial Trouble
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Anticipated hurricanes fuel stormy insurance debate
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Hurricane Funds In Financial Trouble
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Anticipated Hurricanes Fuel Stormy Insurance Debate
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Coalition Aims To Fight U.S. Cat Insurance Pool Proposal
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Coalition Aims To Fight U.S. Cat Insurance Pool Proposal
Newsletter
California’s Budget Woes, Sotomayor’s Nomination and Insurance Information
State legislators in California face a multi-billion dollar budget shortfall. Political observers praise President Obama for his nomination of Sonia Sotomayor as potentially the first…
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Group Formed to Oppose National Catastrophe Fund
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Group formed to oppose national catastrophe fund
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Insurance Plan Won’t Work
James Lee Witt and James Loy are, quite simply, wrong to suggest that a ”national catastrophe backstop” would help reduce homeowners’ insurance rates for…
News Release
CEI Fellow Praises Insurance Information Act
The head of the insurance project at the Competitive Enterprise Institute today praised Rep. Paul Kanjorski’s (D-PA) proposed Insurance Information Act (H.R. 2609). The bill…
Citation
Opponents Become Allies in the Face of a Storm
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Beach Plan Fix Requires Higher Insurance Rates on Coast
Full document available in PDF.
News Release
Florida Insurance Commissioner McCarty is Wrong In His Analysis of HB 1171
Analysts at the Competitive Enterprise Institute, a free market think tank with offices in Washington, D.C. and Tallahassee, today criticized Florida insurance commissioner Kevin McCarty’s…
Op-Eds
Florida flirting with fiscal hurricane disaster
When it announced last week that it would rely on the Florida Hurricane Catastrophe Fund alone for its reinsurance, Florida Citizens Property Insurance Corporation…
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The way the political winds are blowing, coastal insurance rates could go up
As it girds for hurricane season, Texas has plenty to worry about. The Texas Windstorm Insurance Association (TWIA)—which provides coverage for high risk coastal…
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TRIA revamp plan worries buyers
Study
Property and Casualty Insurance 2009 Report Card
Full Document Available in PDF For the second year in a row,…
News Release
Government-Run Insurance Company Foists Huge Burden on Florida Taxpayers
Government-Run Insurance Company Foists Huge Burden on Florida Taxpayers Citizens Property Insurance Corporations Decides to Forego Private Reinsurance in Favor of…
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Why Scaling Back TRIA Could Be Difficult
News Release
State-Mandated Insurance Rate and Form Filing System Does Not Work, Report Finds
State-Mandated Insurance Rate and Form Filing System Does Not Work, Report Finds Insurers, Consumers Hurt Under Current System Washington, D.C., May 8, 2009—The current system…
Newsletter
Justice Souter, Global Warming Negotiations and Florida Insurance Reform
Justice David Souter announces his retirement from the Supreme Court. Leading up to global warming negotiations in Copenhagen, a new study calls for the elimination…
News Release
CEI Analyst Hails Florida Insurance Bill Passage
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Study
SERFF Liberation
The System for Electronic Rate and Form Filing Needs Competition…
News Release
CEI Responds to McCarty’s Statements on SB 2036
The director of The Competitive Enterprise Institute’s insurance project responded today to Office of Insurance Regulation (OIR) head Kevin McCarty’s statements about SB 2036 and…
Newsletter
Freddie Mac, Solar Energy and an Insurance Debate
The suicide of Freddie Mac’s Chief Financial Officer raises further questions about the company and the federal bailout program. Texas is poised to increase the…
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CEI Responds to Commissioner McCarty’s “Overview” of the Florida Insurance Market
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Dinallo’s actions on Allstate ‘very likely illegal,” group says
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State Insurance Programs Flawed
The Times argues that the federal government should provide a "backstop" for state insurance funds like the California Earthquake Authority. The Times is wrong. States like Florida…
News Release
Florida Lawmakers Urged Not to Weaken Property Insurance Overhaul
Florida Lawmakers Urged Not to Weaken Property Insurance Overhaul Provisions in House Bill Stronger, More Market-Freeing; Amendment to Senate Bill Questioned Washington, D.C.,…
Letters
Letter to New York State Insurance Superintendent Eric Dinallo
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State insurance programs flawed
Re “Insurance assurance,” editorial, April 9 The Times argues that the federal government should provide a "backstop" for state insurance funds like…
News Release
CEI Analysts Blast New York Insurance Head
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Newsletter
Tax Day Protests, Small Car Safety and Union Organizing
People across the country gather to protest high taxes and excessive government spending. A new crash test study finds that smaller cars are especially vulnerable…
Study
Why Florida Should Not Receive a Pre-Funded Federal Bailout
Full Document Available in PDF Since early 2009, Florida state…
Op-Eds
‘Backstop’ idea appears too risky: Catastrophe fund may have opposite effect
Texans have many reasons to worry about hurricanes. Two large storms struck the state last year, insurance rates have risen steadily in most coastal areas,…
News Release
CEI Comment on Feds Rejecting Florida Insurance Bailout
FEDS RIGHTLY REJECT FLORIDA INSURANCE FIASCO Washington, D.C., April 9, 2009— The U.S. Treasury Department has rejected Sen. Bill Nelson’s (D-Fla.) request for…
Newsletter
Modified Mortgages, Unions Losses and Hurricane Insurance
The White House pushes mortgage companies to “modify” more home loans, while the number of defaults continues to rise. Sen. Blanche Lincoln (D-AR) announces she…
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