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Insurance Law

RiskProf RiskProf

Insurance, liability law and economics plus occasional other subjects.
By The authors are Martin F. Grace and J. Tyler Leverty, professors of insurance and risk management a

Post Frequency: 1.1/day

Last Entry: May 10, 2010 at 16:53:24

Recent Entries: 163

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Welcome Summer 2010

Posted on May 10, 2010
We'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, 2009
I 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, 2009
I 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, 2009
HILO, 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.


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Isn't this a good thing?

Posted on August 12, 2009
HILO, 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, 2009
Does 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, 2009
Does 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...


Heres some new regulatory news

Posted on July 31, 2009
The Guy is really busy.


Heres some new regulatory news

Posted on July 31, 2009
The Guy is really busy.


At War with the Weather

Posted on June 11, 2009
Four 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, 2009
Four 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, 2009
I 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, 2009
via 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, 2009
I 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, 2009
via 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, 2009
Not 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, 2009
Not 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, 2009
Martha 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, 2009
I 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, 2009
A 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, 2009
Thanks 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, 2009
It 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...


Theyre Back!

Posted on May 28, 2009
Tropical Depression ONE


Meteorological Disaster Waiting to Happen

Posted on May 27, 2009
That 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, 2009
Last 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, 2009
Florida 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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