More Noise About Federal Regulation
Is federal regulation of insurance justaround the corner? There is little question that Congress isgrowing more and more interested in establishing some type ofdirection to a system that has been the exclusive domain of thestates for more than a century.
It was Congress that forced states to begin harmonizing theiragent and broker licensing standards as part of theGramm-Leach-Bliley Act.
It was Congress that created a federal insurance office at theTreasury Department, albeit limited to the Terrorism Risk InsuranceProgram.
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