ACI in Ocala Starbanner: Florida Prep for the Storm

While there is no preventative measure to stop a hurricane from reaching Florida, preparation is paramount and it requires going beyond buying generators and stocking up on batteries, bread and water. It requires financial preparation, which is something that Florida leadership has been focused on in recent years. In March, Citizens Property Insurance Corp., the […]

Welfare for the Rich: ACI in Real Clear Policy

Federal and some state insurance programs are out of control. A new study finds that Florida’s biggest homeowner’s insurer – state-run Citizens Property Insurance Corporation (Citizens) – has been disproportionately subsidizing rich coastal homeowners, compared to other homeowners in the state. The statistical study, conducted by professors at the University of Chicago and University of […]

Texas Regulatory Insurance Debacle: Jon Cassidy of Watchdog.Org Explains

Jon Cassidy writes a great piece on how insurance regulations our ripping off taxpayers in Texas.  He cites a study by ACI, among others, and does excellent job in showing how government price controls, insurance pools and trial attorneys are pushing costs to consumers in the name of helping them.  You can read his piece […]

Star-Telegram: The Facts about Price Regulation in Texas

In today’s special commentary for the Ft. Worth Star Telegram, Pociask fact-checks the current political rhetoric on Texas insurance price regulation.  He finds that the facts don’t support today’s policy and their directions, and these pricing policies appear to be making consumers worse off.  How is it that price regulation leads to the second highest rates in the country?  […]

The Public Option for Property Insurance?

The Public Option is Here for Property Insurance   When someone knowingly sells property insurance, but has no financial backing to pay insurance claims, it is fraud.  But when state insurance commissioners, like those in Florida and most recently in Texas, encourage insolvent insurance operations, it is just politics, and taxpayers and consumers are left to pay the difference.    […]

Texas Insurance Commissioner Votes for Public Option: Consumers Pay More and Get Nothing in Return

IMMEDIATE RELEASE Texas Insurance Commissioner Votes for Public Option: Consumers Pay More and Get Nothing in Return Washington DC, October 19, 2009 –– The following is a statement by Steve Pociask, president of the American Consumer Institute: The American Consumer Institute is very disappointed by Commissioner Geeslin’s decision to disapprove the rate filing recommended by […]

Coastal Subsidies Cost Inland Consumers

Published in the Fort Worth Star Telegram on September 22, 2009:  Coastal Subsidies Cost Inland Consumers  It is time for some straight talk about homeowners insurance in Texas.  Most consumers are not aware that their premiums are higher than they should be because state politicians chose to make some consumers subsidize others.   Over the years, the […]