by Caitlin Bronson | Jan 13, 2015
California and North Carolina are the worst states in the nation for free market-promoting insurance regulation.
That’s the finding from the 2014 Insurance Regulation Report Card, issued by The R Street, a think tank promoting the values of “limited, effective and efficient government.”
In its annual review of insurance regulation across the country, the group assessed each state for proficiency in 12 areas, including ensuring carrier pricing flexibility; competitiveness in home, auto and workers’ comp markets; monitoring carrier solvency and efficiency. While it noted that some—like Florida—were making efforts to “scale back,” other states “appear to be moving in the wrong direction.”
“States should regulate only those market activities
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