Terrorism Law Puts Treasury Dept. Into The Insurance Regulation Business Washington
Despite what I think is a sincere desire to leave regulation of insurance to the states, it is hard not to notice that the terrorism insurance bill is forcing the Treasury Department to move closer and closer to developing a type of federal oversight.
This emerged most noticeably in the most recent set of guidance that Treasury issued regarding the Terrorism Risk Insurance Program. The guidance included a request for comments on several issues, one of which really caught my attention.
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