The tangles of conflicting and duplicative state regulations are too confusing, costly and inefficient. State regulators have tried to make things better, but they’re often stymied by the forces of protectionism–in the industry and in legislatures–from achieving the goals of harmonization and uniformity.

Two years ago, the AIG bailout led everyone in the industry to believe that federal regulation was coming, and it wasn’t going to be optional. State insurance regulators successfully made the case that the insurance affiliates of AIG were safe, secure and well-regulated for solvency. The fact that the Dodd-Frank bill has no new expansive federal insurance oversight is a reflection of that.

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?



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 © 2022 ALM Global, LLC. All Rights Reserved.