The R Street Institute recently released a report card grading the insurance regulatory environments in each of the 50 states. The report card measures states on 14 objective variables to gauge the extent to which their insurance regulatory environments embody the principles of limited, effective and efficient government.
R Street measured states on the concentration of their home and auto insurance markets and relative size of their residual markets; the effectiveness of state solvency and fraud regulation; the transparency and politicization of insurance regulation; the tax and fee burdens placed on insurance markets and the proportion of fees used to support insurance regulation; and the relative freedom granted to insurers to set risk-based rates, including through the use of credit and territorial information.
Click "next" to see the five states that made straight A's and the five states that flunked in the R Street report card. Click here to see the full list ranking all 50 states.
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