Media Mention
Law360 • April 10, 2013
From Law360: R Street argues the proposal would drive up reinsurance costs and make it harder for disaster-prone areas like Florida, Louisiana, Texas and California to access the global reinsurance market. Economics consulting firm The Brattle Group Inc. estimates that the new tax would slash the net supply of reinsurance in the U.S. by 20 [...]
News Release
April 10, 2013
TALLAHASSEE, Fla. (April 10, 2013) – The R Street Institute commended today’s bipartisan passage by the state House Government Appropriations Subcommittee of H.B. 1107, calling for reforms to the Florida Hurricane Catastrophe Fund. The bill, which already passed the House Insurance & Banking Subcommittee with overwhelming support, would reduce the Cat Fund’s obligations from $17 billion [...]
News Release
April 10, 2013
WASHINGTON (April 10, 2013) – A provision in the White House’s newly released Fiscal Year 2014 budget would drive up the cost of property insurance across the country, hitting disaster-prone areas particularly hard, the R Street Institute warned today. Reviving a proposal included in several of its recent budgets, the Obama administration’s 2014 plan calls [...]
Policy Brief
April 9, 2013
The Texas Legislature is considering changes to its reinsurance collateral rules based on the updated Credit for Reinsurance Model Law promulgated by the National Association of Insurance Commissioners. This briefing offers a summary outline of what reinsurance collateral is, and how moving to a more modern system will benefit Texas consumers. photo by: rcbodden
Op Ed
Huffington Post • April 8, 2013
President Barack Obama, quite rightly, has been derided as the “food stamp president.” While serving in office, the 44th president has presided over continued, massive expansions of the nation’s nutrition programs. More people than ever before are on the dole as a result of policies he has created or continued. These programs — most prominently [...]
Op Ed
Sun-Herald • April 4, 2013
James Lee Witt and James Loy are dead wrong to pretend that a national catastrophe fund would be anything other than a bailout for wealthy beach homeowners. Although they depict it as a matter of “pre-funding” expenses taxpayers would pay anyway, they neglect to mention the program they favor would, for the first time, put [...]
Media Mention
Austin Business Journal • April 4, 2013
From Austin Business Journal: “By ensuring conflicts of interests are banned from the financial process we will protect taxpayers and instill confidence in our public institutions,” said Julie Drenner, executive director of R Street Texas, a nonprofit public policy research organization. Drenner noted that the legislation is timely in light of recent questions regarding the [...]
News Release
April 2, 2013
AUSTIN, Texas (April 2, 2013) –- Financial advisers that work with Texas state agencies to place bonds should be held to the same conflict of interest standards that apply in the private market, R Street Texas Director Julie Drenner said today in testimony to the state House Insurance Committee. Drenner’s testimony came in a hearing [...]
Media Mention
The (Charleston, S.C.) Post and Courier • March 31, 2013
From The (Charleston, S.C.) Post and Courier: Last month, the R Street Institute, a Washington D.C., think tank, took a look at the state’s coastal insurance market. The group’s motto is “free market, real solutions,” and is partially funded by the insurance industry, but the group’s president, Eli Lehrer, said its board decides independently what [...]
Policy Brief
March 28, 2013
Authored by R Street Senior Fellows R.J. Lehmann and Alan Smith, this paper outlines how the North Carolina Rate Bureau works and how it stifles competition and innovation. Among the key facts it highlights: North Carolina’s automobile insurance system guarantees profits to insurers. North Carolina’s current system makes it difficult—and undesirable—for insurers to offer innovative [...]
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