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Insurance Law
RiskProf 

Insurance, liability law and economics plus occasional other subjects.
Post Frequency: 1.1/day Last Entry: May 10, 2010 at 16:53:24 Recent Entries: 163
By The authors are Martin F. Grace and J. Tyler Leverty, professors of insurance and risk management a
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Welcome Summer 2010
Posted on May 10, 2010We'll be using this blog for everything but grades this semester. Grades will be posed on Ulearn. Text: Cross and Miller, Wests Legal Environment of Business (2007) 6th Edition. Here is a link with info from Amazon. This book is...
American Association for Justice is a Caricature
Posted on September 29, 2009I got a kick out of this article in the Washington Times on Sept. 28. The point of the story is that the trial lawyers' lobby might be having financial difficulty. The part I find interesting is that AAJ says...
American Association for Justice is a Caricature
Posted on September 29, 2009I got a kick out of this article in the Washington Times on Sept. 28. The point of the story is that the trial lawyers' lobby might be having financial difficulty. The part I find interesting is that AAJ says...
Isn't this a good thing?
Posted on August 12, 2009HILO, Hawaii -- Living on the slope of one of the most active volcanos in the world can be expensive when it comes to homeowners insurance. via www.dailyherald.com.
Isn't this a good thing?
Posted on August 12, 2009HILO, Hawaii -- Living on the slope of one of the most active volcanos in the world can be expensive when it comes to homeowners insurance. via www.dailyherald.com.
Consumer Advocates on Florida 2007 v. 2009
Posted on August 10, 2009Does anyone see a relationship? 2007 Q: [Lakeland (Fla) Ledger Jan 14, 2007] Industry lobbyists say if Florida gets too tough with insurance companies, it will drive the insurers from the state. Can Florida afford to do that given that...
Consumer Advocates on Florida 2007 v. 2009
Posted on August 10, 2009Does anyone see a relationship? 2007 Q: [Lakeland (Fla) Ledger Jan 14, 2007] Industry lobbyists say if Florida gets too tough with insurance companies, it will drive the insurers from the state. Can Florida afford to do that given that...
Hurricane Season of 40 Years Ago v. Todays
Posted on August 07, 2009(click to make larger) The Hurricane Forecasts for this year are being reduced. Now we can expect about 10 named storms (I hope we get to G this year as we could all use a year of Grace) and 4...
Hurricane Season of 40 Years Ago v. Todays
Posted on August 07, 2009(click to make larger) The Hurricane Forecasts for this year are being reduced. Now we can expect about 10 named storms (I hope we get to G this year as we could all use a year of Grace) and 4...
At War with the Weather
Posted on June 11, 2009Four years in the making?. I just received my copy in the mail today from MIT Press. It is available on Amazon for $ 37.12. What a bargain. In the fine print on the cover you can see while I...
At War with the Weather
Posted on June 11, 2009Four years in the making?. I just received my copy in the mail today from MIT Press. It is available on Amazon for $ 37.12. What a bargain. In the fine print on the cover you can see while I...
Non OFC Federal Regulation
Posted on June 10, 2009I heard rumors of this last week. Details so far: Big insurers are regulated by feds ?Deregulation? (whatever that means) will not occur. The Fed will be the systemic risk regulator There will be a financial consumer protection agency FDIC...
Florida Chamber of Commerce Poll Results
Posted on June 10, 2009via IJ ? 62 percent believe consumers should be allowed to choose their property insurance provider "even if the prices are not fully regulated by the state" rather than to be limited to purchasing insurance from a provider whose prices...
Non OFC Federal Regulation
Posted on June 10, 2009I heard rumors of this last week. Details so far: Big insurers are regulated by feds ?Deregulation? (whatever that means) will not occur. The Fed will be the systemic risk regulator There will be a financial consumer protection agency FDIC...
Florida Chamber of Commerce Poll Results
Posted on June 10, 2009via IJ ? 62 percent believe consumers should be allowed to choose their property insurance provider "even if the prices are not fully regulated by the state" rather than to be limited to purchasing insurance from a provider whose prices...
A Little Friday Levity
Posted on June 05, 2009Not to be confused with the new little Leverty. Riskprof?s Ty Leverty had a little boy earlier this spring. I won?t disclose his name out of respect to his privacy, but it is a real strong Irish name. I am...
A Little Friday Levity
Posted on June 05, 2009Not to be confused with the new little Leverty. Riskprof?s Ty Leverty had a little boy earlier this spring. I won?t disclose his name out of respect to his privacy, but it is a real strong Irish name. I am...
Quote of the day....
Posted on June 04, 2009"We're one large hurricane away from a major threat to the economy of this state [Florida]," said Proctor, R-St. Augustine. via www2.tbo.com.
Nice Biliography on The Future of Insurance Regulation
Posted on June 04, 2009Martha Henn McCormik at the Networks Financial Institute has produced a nice biography of regulatory reform.
Quote of the day....
Posted on June 04, 2009"We're one large hurricane away from a major threat to the economy of this state [Florida]," said Proctor, R-St. Augustine. via www2.tbo.com.
My Congressional Testimony Part I (The Back Story)
Posted on June 03, 2009I have been teaching a special three week term. Each class meets about 3 hours per day and I am teaching two. (I just finished yesterday.) At the beginning of the term I was asked to testify before Congress regarding...
Anti-Life Insurance
Posted on June 03, 2009A Buckinghamshire man diagnosed with terminal cancer is to collect a second winning payout of £5,000 after betting he would stay alive. Jon Matthews, 59, from Milton Keynes, was diagnosed with mesothelioma, a cancer linked to asbestos, in 2006 and...
Book Update
Posted on June 03, 2009Thanks to Mike the Actuary for noting that Amazon now has a copy of our book, The Future of Insurance Regulation for order. It is a new improved version of papers presented last July at the AEI.
A New Treasury Blueprint?
Posted on June 03, 2009It seems similar to the last, according to this Reuters report, but it looks like insurance consumer protection might be regulated at the federal level. "The Fed could also lose some of its consumer protection responsibilities, which would move to...
Meteorological Disaster Waiting to Happen
Posted on May 27, 2009That is USA Today's take on Florida. According to its editorial, the increasing risk to the nation due to Florida's hurricane insurance market mismanagement is ... "At bottom, Florida's underfunded, state-run program is a cynical ploy to get people in...
New book
Posted on May 26, 2009Last week I had the privilege of testifying before Congress on the future of insurance regulation (more on that later). Today, I received a copy of a book edited by Bob Klein and me with the same title. It does...
The One about Research
Posted on May 01, 2009Florida Insurance Commissioner Kevin McCarty talks about "research" ... It is always interesting, and frequently amusing, to read various ?research? pieces on the Florida property insurance market. While I, like every other insurance regulator, industry professional and observer in the...
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