Posted: 12/6/2011
The Big Mistake
As an industry, we’ve been debating the issue of federal insurance regulation for years. There’s been a lull in the discussion as large financial firms have been licking their wounds post-Dodd Frank – the most prescient of them reconsidering their support for new federal insurance regulation; however, their stance will likely change in 46 days when the Treasury Department’s new Federal Insurance Office releases its study on how to modernize and improve the country’s insurance regulatory system.