Federal crop insurance began in 1938 as a focused program to correct certain perceived market failures. It has transformed into a massive wealth transfer scheme that is frequently the subject of supposed legislative reforms. Yet each wave of changes has, for the most part, moved the program...

This paper examines employers’ experience rating and lost-time claims for workers’ compensation insurance. Our examination supports the contention that experience rating improves safety and reduces worker injuries and claims. We also find that claims increase at a declining rate with...