Contemplating A US Insurance Super-Regulator

Law360, New York (August 24, 2009, 3:11 PM EDT) -- The Obama administration's plan for a federal "systemic risk" regulator as a means of preventing another credit meltdown could have significant long-term effects on insurance regulation in the U.S.

Although Treasury Secretary Geitner has so far offered scant details on how the new regulatory czar will interface with 54 insurance regulators from Maine to Arizona (not to mention Puerto Rico and Guam), in recent congressional testimony he managed to both endorse the concept of an optional federal charter for insurers and simultaneously pay respects to the...
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