Insurance Law

Insurance Regulation

Posted on December 20, 2007
I just finished grading a bunch of exams and Ted Frank sent me a blog post from the Orlando Sentinel.  It made me think of a test question I didn't ask....... Ok, suppose you are the governor of a big state.  (Yes, it can have palm trees if you want...

I am lawsuit abuse

Posted on December 19, 2007
"When I heard $67 million, I said to myself, 'Nonsense'... How could he claim this much over a pair of pants?" From www.iamlawsuitabuse.org quoting the Chungs on their recent unpleasantness. Also a short video from fellow GSU Professor Olga Jarrett on the influence of the nanny state and fear of lawsuits on play grounds and school play...

Sink Sees the Red Ink

Posted on December 14, 2007
If a hurricane did $28 billion in damage to Florida, the state might have to issue $20 billion in bonds. That would mean putting a special assessment on homeowners and business to the tune of $1.7 billion a year for 30 years, [State CFO Alex] Sink said...

How Not to Invest

Posted on December 10, 2007
Future insurance payouts are funded, in part, by investment returns.  An insurer receives a premium, pays its initial expenses, puts part of the premium into reserves and the rest goes into the bond and equity markets.  In theory, good insurers put their investments into a broad array of high quality bonds and to a lesser extent into high quality equities...

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