Friday, 3 May 2019

Insurance Deregulation and the Public Interest

Insurance Deregulation and the Public Interest  by Harrington S.E.


1. A BRIEF HISTORY OF THE RATE OF REGULATION 

  • The Breakdown of Bureau Pricing
  • and The Onset of Rate Suppression 
  • Experience in the 1990s
  • Types of Rate Regulation

2. RATE REGULATION VS. THE PUBLIC INTEREST

  • View of Regulation 
  • Market Structure and Ease of Entry
  • Market Conduct 
  • Expense Efficiency 
  • Risk Assessment and Incentives for Loss Control 

3. ARGUMENTS FOR RATE REGULATION: THE EMPTY BOX 

  • Price Fixing and the Limited Antitrust Exemption
  • Costly Search and Expense Efficiency 
  • Compulsory Coverage, Spillovers, and Fairness 

4. COUNTERPRODUCTIVE AND FUTILE ASPECTS OF RATE REGULATION 

  • Adverse Effects of Rate Regulation 
  • Exit and Regulatory Wealth Expropriation 
  • Expenses, Profits, and Affordability
  • Restrictions on Classification and Insurance Affordability 


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