Nearly 2 Years Late, FIO Releases Modernization Report

Law360, New York (December 12, 2013, 3:54 PM ET) -- The Federal Insurance Office on Thursday set out its vision for modernizing insurance regulation in the U.S., calling for a hybrid state-federal regulatory regime in a highly-anticipated report that is just shy of two years late.

Leading up to the release of the influential FIO report, state regulators and many insurance groups consistently argued that insurance regulation should remain largely in states' hands.

But the FIO report, which the Dodd-Frank Act required to be out by January 2012, does end up calling for a measured federal...
To view the full article, take a free trial now.
Try Law360 for free for seven days
Already a subscriber? Click here to login

Already have access?

  1. Forgot your password?
  2. Sign In

Get instant access to the one-stop news source for business lawyers