Higher rates lead to more debt, and more debt begets higher rates, and on and on. Get the picture?
It's high time for Congress to end a program that routinely goes into debt providing subsidies to wealthy people living in high-risk areas.
California Regulations Prevent Insurers From Accurately Pricing Wildfire Risk, so Now They're Fleeing the State
California homeowners are finding out that government-imposed market distortions cannot be maintained forever.
It shouldn't be the federal government's responsibility to protect wealthy homeowners from the inevitable.
One insurance company started offering a space travel policy last year.
Pro-tip: If you are sued, and you expect your insurer to pick up the bill, it is a good idea to give them timely notice.
Federal Drug Laws Force Pot Shops To Carry Lots of Cash and No Insurance. Now They're Getting Robbed.
Despite state legalization, federal prohibition makes break-ins harder on marijuana shops and manufacturers.
Studies show that support for mandated paid leave drops when employees find out what it costs them in take-home pay.
Businesses, investors, and markets are already adapting to climate change without federal help.
A bill intended to make America's housing stock more climate-resilient also includes a big effective subsidy for the properties most exposed to the risks of climate change.
Plus: Steven Horwitz's economic theories, Hawaii cops sued over fatal shooting, and more...
A New Report Casts Doubt on Both Fears and Hopes About the Consequences of Abolishing Qualified Immunity
A Connecticut law that made it easier to sue abusive cops is not expected to have a noticeable effect on municipal insurance costs.
The state's insurance commissioner forbids the canceling of policies for homes in risky areas.
The state's wildfire conundrum: overgrown forests, climate change, and more people living in the woods
The ruling says health insurers are owed money that Congress never appropriated.
The Renew California legislation introduced yesterday would force insurance companies to renew insurance policies in wildfire zones.
California's Wonky Insurance and Land Use Regulations Make the State's Wildfires Deadlier and More Destructive
The state has made it exceedingly difficult to build in fire-safe cities, while also making insurance rates in high-risk areas artificially cheap.
If market-rate wildfire insurance is too expensive for homeowners, maybe that's telling us something about the risks of living amidst pretty tinder.
The man behind the "Deportation Bus" said he wanted to round up criminals. Looks like he should have started with himself.
A toxic mix of bad insurance regulations and bad housing regulations ensure Golden State residents will continue to return to fire ravaged areas.
It's a regressive, debt-ridden program that transfers wealth from regular Americans to the rich.
Why does an economy car rent for an astonishing $161 per day in Manhattan? Because onerous insurance laws cartelized the industry.
Federal Prohibition Left California Cannabis Farmers Without Insurance or Banks When Wildfires Struck
The cannabis industry has been cut off from access to the banks and insurance companies other businesses can rely on to get them through disasters.
Medical tort reform is overrated. And it's probably unconstitutional.
If universal access to medical care is the goal, the government is the goalie. It should get out of the way.
Fewer and less destructive accidents also mean lower overall liability costs
Taxpayers be warned.
Insurance commish wants companies to "voluntarily" divest from coal