Insurance Insider Reporting that the FIO Insurance Regulation Modernization Report Likely to be Delayed Post-Election

According to the Insurance Insider:
The Federal Insurance Office (FIO)'s report on modernising US insurance regulation - which is already three months late - could be delayed further until after the presidential election in November.

Sources with knowledge of the situation said the White House is unlikely to risk a confrontation with states and governors over state rights as well as a potential gridlock in Congress at a time when the US legislation process has ground to a halt for anything other than bi-partisan issues...
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1 comment:

  1. The delay is not to be treated as a surprise. It's not the first time that this has happened. The treasury and the Congress are saving their back by being tight-lipped about this. The report is anticipated to bring about a significant change to the insurance regulations in the US.