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Acme Insurance Regulation, Inc.



Florida's approach strikes David Rossmiller as Looney Tunes:

I've likened Florida lawmakers and regulators to Wile E. Coyote -- they persistently pursue failed strategies. Every time that Acme rocket backpack blows up or runs them headlong into a cliff, they strap on another. They also are somewhat like a guy who is denied a promotion and then comes home and beats the stuffing out of his dog. Everything about the state's insurance mess is someone else's fault -- they never pause to consider whether the central-command regulatory regime they love might be making things worse, or be one of the actual causes of the problem. Instead, they sound like some of the black helicopter conspiracy theorists, looking for evil everywhere. And when you are emotionally invested in finding wrongdoing, you keep at it, no matter how many times that rocket explodes and singes your fur.

 

 


Rafael Mangual
Project Manager,
Legal Policy
rmangual@manhattan-institute.org

Katherine Lazarski
Manhattan Institute
klazarski@manhattan-institute.org

 

Published by the Manhattan Institute

The Manhattan Insitute's Center for Legal Policy.