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Insurers say the increases are necessary to offset the risk they take in insuring millions of homeowners in harm's way, but their increasingly angry customers question how they calculate rates and whether state officials in charge of balancing public and corporate interest are being too favorable toward the companies.
NPR: Coastal Homeowners Stagger Under Insurance Costs
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The measure Schumer is proposing says that in civil and criminal cases, "a judge would have to conduct a balancing test that would weigh the public interest in the free flow of information against the needs of law enforcement, " said Schumer spokesman Brian Fallon.
WSJ: Schumer: Group of senators to look at media leaks
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This involves looking at all of the contracts related to joint operating agreements, areas of mutual interest, preferential rights to purchase assets, cash calls, tax partnerships, gas balancing agreements, and more.
FORBES: Chesapeake's JVs Make for One Elaborate Poison Pill
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Under this doctrine there is a neat intersection between the desire of shareholders for a better world and their interest in corporate success, and reward flows to those companies that are most successful at balancing the needs of different stakeholders.
ECONOMIST: A proposed new bill would invite judges into the boardroom