House Insurance Leader Presses FIO To Explain Late Reports

Law360, New York (October 9, 2013, 1:47 PM EDT) -- The leader of the U.S. House of Representatives insurance committee demanded Monday that the Federal Insurance Office explain in detail why it has repeatedly missed deadlines for releasing reports required by the Dodd-Frank Act, including a highly anticipated report on modernizing insurance regulation.

Rep. Randy Neugebauer, R-Texas, asked FIO Director Michael McRaith to break the silence and lay bare all obstacles that the fledgling office has faced in meeting its obligations under Dodd-Frank to release three overdue reports: a report on improving U.S. insurance regulation due...
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