Fed’s New Role At IAIS Escalates Jurisdictional Wrangling

Law360, New York (February 20, 2014, 9:44 PM EST) -- The Federal Reserve Board recently landed a spot on the International Association of Insurance Supervisors — where two other bodies are already representing U.S. interests — setting up another front in a power struggle between state and federal officials amid calls to put the rivalry to rest.

The IAIS executive committee has approved the Fed as a provisional member, and a final vote on the Fed's membership is set to happen at a fall meeting before the full body. 

The Fed applied for membership in October, outlining...
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