Regulating the Business of Insurance: Federalism in an Age of Difficult Risk

44 Pages Posted: 21 Jul 2012

See all articles by Robert H. Jerry

Robert H. Jerry

University of Florida - Levin College of Law

Steven Roberts

affiliation not provided to SSRN

Date Written: January 1, 2006

Abstract

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.

Keywords: insurance, risk, loss, catastrophic loss, catastrophes, hurricanes, Hurricane Katrina, difficult risks, risk-management, risk allocation, risk distribution, regulation, federal regulation

JEL Classification: K00, K39

Suggested Citation

Jerry, Robert H. and Roberts, Steven, Regulating the Business of Insurance: Federalism in an Age of Difficult Risk (January 1, 2006). Wake Forest Law Review, Vol. 41, 2006, Available at SSRN: https://ssrn.com/abstract=2113218

Robert H. Jerry (Contact Author)

University of Florida - Levin College of Law ( email )

P.O. Box 117625
Gainesville, FL 32611-7625
United States
352 273 0603 (Phone)
352 392 8727 (Fax)

HOME PAGE: http://www.law.ufl.edu

Steven Roberts

affiliation not provided to SSRN

Do you have negative results from your research you’d like to share?

Paper statistics

Downloads
31
Abstract Views
397
PlumX Metrics