“The insurance industry is healthy, and the private sector is well-equipped to provide insurance for hurricanes and other natural catastrophes, but state regulators and the federal government must allow the private market to function,” Lazear testified at a committee hearing.
Mississippi Republican Sen. Trent Lott has sued his homeowner’s insurance company over Katrina-related losses and sponsored a bill that would end the industry’s exemption from some federal anti-trust laws. But Lott said he doesn’t support a federal catastrophic insurance program.
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Economy
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Christopher Rugaber, Associated Press
, Anne D'Innocenzio, Associated Press
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March 11, 2026
Inflation held steady last month before attack on Iran sent energy costs soaring
Consumer prices rose 2.4% in February compared with a year earlier, the Labor Department said Wednesday, matching January’s increase.
