'Not Whether, But How' To Improve Insurance Regulation

Law360, New York (January 9, 2012, 1:43 PM EST) -- Appearing before a standing-room-only crowd on Dec. 9, 2011, during the Federal Insurance Office's (FIO) first public hearing, Director Michael McRaith outlined an ambitious agenda for the fledgling office.

Held against the backdrop of the FIO's October request for public comments and looming January 2012 deadline to report to Congress regarding modernization and improvement of insurance regulation, the public hearing presented an opportunity for public engagement between the U.S. Department of the Treasury and the insurance industry.

The goal, according to McRaith, was to have a...
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