New York–The head of Ernst & Young’s insurance services division said some form of federal regulation of the insurance industry is inevitable and regulatory scrutiny of the industry will not let up until the industry proves it is completely transparent.

In a wide-ranging discussion on the insurance industry as it stands today, Peter R. Porrino, E&Y’s global director of insurance services and Americas director for financial services, noted the industry has had its share of regulatory investigations in the past and that “until the insurance industry is proven clean I would expect continued scrutiny.”

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.


  • All news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including and

Already have an account?


© 2023 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.



Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join now!

  • Unlimited access to - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including, and
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2023 ALM Global, LLC. All Rights Reserved.