WASHINGTON–A nonprofit conservative think tank is voicing support for a measure to establish an optional federal regulator for property and casualty insurers.
"The current system of state-by-state, patchwork regulation increases average insurance rates and reduces economic efficacy," wrote Eli Lehrer with the Washington-based Competitive Enterprise Institute.
In his recent essay published by The National Review, Mr. Lehrer, a senior fellow with CEI, wrote, "Eventually, insurance will work best if the United States sweeps away nearly all rate regulation and lets the market set the insurance rates for people's homes and cars."
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