Regulating the Business of Insurance: Federalism in an Age of Difficult Risk
Robert H. Jerry II
University of Florida - Levin College of Law
Steven E. Roberts
affiliation not provided to SSRN
January 1, 2006
Wake Forest Law Review, Vol. 41, 2006
Although the United States has not established a much-needed and increasingly discussed national catastrophe policy, most significant points in current risk management strategies involve significant federal coordination and control. The authors suggest that a regulatory model that defers to the states with respect to the regulation of the insurance aspects of difficult risks is no longer viable, and an enhanced federal role in insurance regulation specifically -- and in risk management more generally -- is both necessary and appropriate with respect to difficult risks.
Number of Pages in PDF File: 44
Keywords: insurance, risk, loss, catastrophic loss, catastrophes, hurricanes, Hurricane Katrina, difficult risks, risk-management, risk allocation, risk distribution, regulation, federal regulation
JEL Classification: K00, K39Accepted Paper Series
Date posted: July 21, 2012
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