State Regulation of Insurance Rates [Discussion]

We, of the insurance business, are apt to think of ourselves as being excessively subject to regulation if not persecution by state officialdom. It is well, therefore, that we have now and then from the pen of an experienced legislator and public official so sound an exposition of the tendency of legislative thinking on the regulation of economic activities in general as is contained in the earlier paragraphs of Mr. Hobbs' paper.