Uniformity Vs. Autonomy In Insurance Regulation: Part 1
Law360, New York (February 8, 2017, 4:39 PM EST) -- Nicole M. Zayac
David F. Hauge
Insurance regulation has increasingly become federalized in the United States. How strong is the countervailing pressure?
In recent years, the pressure for uniformity of insurance regulation among the states has intensified, resulting in the weakening of Congress’ “hands off” tradition with respect to insurance regulation. Notably, the past few years have seen several insurance-related, legislative actions carried out on a federal level. In addition, there are increasing international pressures towards uniformity with respect to certain aspects of regulation in the United States.
At the same time, there have been innovations and growing political forces supporting...
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