Insurance Legislation, Regulation To Watch In 2011

Law360, New York (December 27, 2010, 2:19 PM EST) -- Lawyers anticipate a busy 2011 for insurance legislation and regulation, both at the national and state levels, resulting from the recent shift in power in Congress and the financial reform legislation.

With the legislative brouhaha out of the way, policymakers will soon begin the serious work of drafting guidelines for the newly created Federal Insurance Office, which could potentially help pave the way for future federal-level oversight of the industry.

Meanwhile state regulators, led by the National Association of Insurance Commissioners, will try to avert any...
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