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"Facing Mother Nature"

Political attacks on insurers post-Katrina won't prevent the next hurricane and could very well make its devastation worse, argue Prof. (and PoL contributor) Martin Grace and his Georgia State colleague Robert W. Klein: "any legitimate insurance arrangement, public or private, must manage its catastrophe exposure so that it can afford to pay its claims obligations if a disaster occurs. State and federal legislators do not appear to acknowledge this reality." The article's in the new issue of the Cato Institute's Regulation (PDF)(via).

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Rafael Mangual
Project Manager,
Legal Policy

Manhattan Institute


Published by the Manhattan Institute

The Manhattan Insitute's Center for Legal Policy.