Law360, Los Angeles (May 8, 2017, 4:48 PM EDT) -- As the home of industry-leading companies in manufacturing, technology, shipping and myriad other fields, the United States is an appealing market for insurers based in the United Kingdom. However, the country's unique state-by-state insurance regulatory regime and the intense level of competition among carriers can be daunting for newcomers to navigate.
"It is a very competitive and mature market, so it is key to understand the nuances of the local market, its legal system and the regulatory structure," said Jim Wrynn, senior managing director of FTI Consulting Inc.'s global insurance services practice and a former New York insurance superintendent.
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