Does Everyone in America Own a Car? I t is true that 95 percent of American households own a car, and most Americans get to work by car (85 percent). It wasnât always this way, nor is it likely to stay this way.
Government regulates business for several reasons. First is public safety and welfare. Many industries are regularly reviewed and overseen because their activities, if they â¦ go awry, can have significantly harmful effects to human health, financial well-being, or community structure.
The Role of the State Legislatures. State legislatures set broad policy for the regulation of insurance. They establish and oversee. state insurance departments, regularly review and revise state insurance laws, and approve. regulatory budgets. State insurance departments employ 12,500 regulatory personnel.