Promise or peril?

Article Abstract:

Federal government proposals aimed at benefitting the surplus and excess line insurance business may lead to more problems instead. A bill introduced by Rep John Dingell in early 1993 permits a surplus line licensee to conduct business with a federally approved surplus lines insurer without going to a state residual market first, and frees federally certified surplus lines companies from form and rate regulation. The problems with this bill are that surplus lines will likely gravitate toward the highly capitalized insurance companies, and that state regulation on the industry will not be removed.

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The redlining fire continues to burn

Article Abstract:

The Republican takeover of Congress will not necessarily stop the push to regulate the insurance industry. Democrats in the 103d Congress pushed redlining rules, but the Dept of Housing an Urban Development is continuing the process with proposed regulations due in the spring of 1995. The National Black Caucus of State Legislators has teamed up with some state groups to push anti-redlining rules in the states. Insurers should keep the anti-discrimination laws that are applied to bankers in mind, and keep resisting similar rules.

Property & Liability Insurance, Surety insurance, Political aspects, Discrimination in insurance, Insurance discrimination

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Leaving surplus lines out in the cold

Article Abstract:

State regulations are wrong to favor residual insurance carriers over surplus line insurers. Consumers should have the freedom to choose insurance carriers not licensed in the state for risks that are difficult to cover, instead of being required to go to residual market carriers first. Residual markets created by state legislatures, such as auto plans, medical malpractice pools and workers' compensation programs, should be reduced so that licensed companies have less of a subsidy to pay and can underwrite more efficiently.

Auto Insurance Regulation-State, Insurance Regulation ex Auto-State, Automobile insurance

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