NU Online News Service, March. 4, 3:23 p.m. EST
The emerging conflict between state and federal regulators over regulation of large insurance companies is the "cutting-edge issue as it relates to insurance regulation at this time," according to several industry lawyers.
Sam Caligiuri, a partner at Day Pitney in Hartford, said that because it is a "cutting-edge issue," how the Financial Stability Oversight Council (FSOC) defines its authority to regulate insurers under the Dodd-Frank bill will "play out over the next few months to a year."
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