Now that President Barack Obama has signed financial services reform into law, an intense lobbying effort will be set in motion to shape the regulations that will implement the bill to the liking of insurers,

Now that President Barack Obama has signed financial services reform into law, an intense lobbying effort will be set in motion to shape the regulations that will implement the bill to the liking of insurers, brokers and other interested parties.

For insurers, H.R. 4137--the Dodd-Frank Wall Street Reform and Consumer Protection Act--generally retains state regulation of insurance while giving federal financial regulators authority to prevent future market meltdowns by forcing prompt correction action and, in a pinch, take over institutions, including insurers, that they deem constitute a potential systemic risk.

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