In this paper we test whether the past or future labor market choices of insurance commissioners provides incentives for regulators in states with price regulation to either favor or oppose the industry by allowing prices that differ significantly from what would otherwise be the competitive...

Historical evidence shows insurer insolvencies are, on average, three-to-five times more expensive than those of other financial institutions. Using a unique dataset of insurer insolvencies from 1986 to 1999, we examine the cost of insolvency resolution and the factors driving these costs. We...

Using data on the annual resources of state insurance departments we investigate several issues regarding the state production of insurance regulation. First, we demonstrate that the majority of insurance transactions are conducted across state lines suggesting there are potential trans-state...