Insurance expert Ty Leverty was in the news reporting that customers pay up to 31% more for insurance when insurance companies have to comply with regulations in more than one state. The University of Iowa professor of finance has also studied how tort reform laws lower insurance premiums and save consumers money, dependent upon where the consumer lives.
Leverty’s paper, “The Cost of Duplicative Regulation: Evidence From Risk Retention Groups,” was published recently in the Journal of Risk and Insurance.
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