Property insurance (auto, homeowners, workers comp, liability, etc.) costs American consumers and businesses over $1 trillion every year. Because property insurance is a market that has historically been regulated as an Network, Platform, and Utility, VPA is using insights from its NPU project to propose reforms that could improve existing regulation of the market. Our goal is to make the insurance industry work better, by helping consumers get the benefits they are owed at an affordable price.
8/17/26
Brian Shearer created a data visualization tool using data from the National Association of Insurance Commissioners. This tool can be used to compare states' loss ratios for the 5 major P&C insurance lines (auto, homeowners, workers comp, commercial peril, commercial liability), going back 25 years. Use this tool to see how your state compares.
4/30/26
This white paper recommends legislation to lower property insurance premiums by $150 billion per year, using cost transparency requirements, bans on unnecessary expenses like private jets and stock buybacks, and a loss-ratio floor of 80%.
4/30/26
In a recent article forthcoming publication in the Columbia Business Law Review, Brian Shearer explains the historical, theoretical, and practical reasons why America regulates property insurance like a network, platform, or utility (NPU). The paper defends the framework against calls to deregulate and proposes reforms to make it work better.
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