Reform of the Texas homeowners’ insurance market in 2003 called for a file-and-use regulatory system. However, in 2009, the Sunset Review Commission’s Staff Report on the Texas Department of Insurance (TDI) rightly concluded that the “Legislature cannot judge the success of the shift to file-and-use rate regulation because the system has not been fully implemented.” Conditions have little improved since the report was issued.
Biden’s ‘less is more’ mantra demands sacrifice only from average Americans
The Biden administration can’t escape the blame for higher prices. And that’s why it must try to redirect voters’ anger. JPMorgan Chase CEO Jamie Dimon mentioned “inflation” more than 20 times in his annual report to shareholders, released Monday. And he warned that the Federal Reserve’s response — raising interest rates to cool spending — could...