NU Online News Service, Nov. 16, 10:55 a.m. EST
The states have "botched implementation" of the surplus-lines provisions of the Dodd-Frank financial services reform law, an insurance broker tells Congress today.
The broker, Steven Monroe, chief compliance officer, U.S. and Canada, for Marsh, Inc., says the issue demonstrates that the states will not modernize insurance regulation "without federal pressure, and, even then, they will not go easily."
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