Claims News Service, June 26, 3:10 p.m. EDT — The National Association of Mutual Insurance Companies (NAMIC) has released a new publication called the NAMIC Review of Insurance Politics, which the organization says will explore the connection between insurance and politics. It will be published on an annual basis.
The inaugural issue features three essays that examine the type of class-action lawsuit in which plaintiff attorneys seek to alter existing insurance regulatory regimes, sometimes in direct contravention of the expressed will of legislators and regulators.
“The familiar products of insurance politics — laws that directly pertain to the business of insurance, enacted by state legislatures and administered by state insurance departments — are augmented, and sometimes eclipsed, by sundry decisions of state and federal courts, Congress and the executive branch, quasi-regulatory and legislative bodies such as the National Association of Insurance Commissioners and the National Conference of Insurance Legislators and in states that allow ballot initiatives,” said Robert Detlefsen, NAMIC Public Policy Director and editor of the NAMIC Review.
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