Book chapter
Regulation of Insurance Markets in the USA
Handbook of Insurance Volume II, pp.457-482
Springer Nature Switzerland
2025
DOI: 10.1007/978-3-031-69674-9_16
Abstract
Insurance is regulated to minimize the costs of negative externalities due to insolvencies, to promote or protect competition, and to protect consumers from the disadvantage of information asymmetries or market power. Many other chapters touch on these issues, but this chapter focuses on the economic rationale for regulation, the institutions, and empirical evidence associated with regulatory interventions. In addition, since US regulation is at the level of the states, the political institutions surrounding insurance regulation create interesting areas for study. Elections and politics, as does the interplay between the states and the federal government, affect regulation. Finally, this chapter concludes with a discussion of future regulatory issues.
Details
- Title: Subtitle
- Regulation of Insurance Markets in the USA
- Creators
- Martin F. Grace
- Contributors
- Georges Dionne (Editor)
- Resource Type
- Book chapter
- Publication Details
- Handbook of Insurance Volume II, pp.457-482
- Publisher
- Springer Nature Switzerland; Cham
- DOI
- 10.1007/978-3-031-69674-9_16
- Language
- English
- Date published
- 2025
- Academic Unit
- Finance
- Record Identifier
- 9984795375902771
Metrics
1 Record Views