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 

DOWNLOAD