Campaign contributions by the insurance industry may influence state policy, but new data reveals minimal evidence across various outcomes following regulatory changes.

### US State Politics Context

The insurance sector is a significant player in state-level politics. Researchers collected objective measures of industry performance over time to investigate potential political effects.

### Key Findings

• No substantial distortionary effect from corporate campaign contributions found overall
• Some evidence suggests benefits only for states with elected insurance commissioners
• Effects are negligible across most policy outcomes despite expectations of strong influence in certain contexts

### Political Significance

This nuanced analysis offers insights into how political donations might (or might not) shape regulatory environments, challenging assumptions about corporate political spending.