2010 September FIRE Policy News

Issue Date: 
August, 2010
Newspaper PDF: 

The September issue of FIRE Policy News outlines the pros and cons of the largest overhaul of the nation’s financial system since the Great Depression, which became law on July 21 when President Barack Obama signed the 390,000-word Dodd-Frank financial regulatory bill.

Also in this issue:

  • A first-of-its-kind “catastrophe lab” is about to open in Chester County, South Carolina. It will allow researchers to subject buildings and construction materials to Category 1, 2, or 3 hurricane conditions and simulated firestorms, hailstorms, and other natural or manmade disasters.
  • The Michigan Supreme Court has struck down regulations against using credit scoring in underwriting insurance policies.
  • Prof. Jeffrey O’Connell, who teaches at the University of Virginia’s law school, helped create no-fault auto insurance in the 1960s. He discusses his view of how the idea has turned out and suggests reforms he’d like to see.
  • The number of home repossessions this year could top one million despite tens of billions of federal dollars being spent to keep people from losing their homes.

Newspaper Articles in this Issue

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