National Insurance And Financial Regulatory Reform

Law360, New York (July 8, 2009, 12:00 AM EDT) -- The financial collapse of AIG Inc., one of the world’s largest groups of insurance companies, has had and will continue to have significant impacts on the financial services industry, including the regulation of that industry.

One thing that AIG’s collapse highlights is the extent to which insurance has become intertwined with other aspects of the financial services industry, including the markets for securities, futures, collateralized debt obligations, credit default swaps and other complex financial instruments.

This in turn has reinvigorated the debate over whether the federal...
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