Signs are emerging that the sigh of relief by large insurance companies that they escaped federal oversight in the post-American International Group-bailout world may have been premature.
Sam Caligiuri, a partner at Day Pitney, in Hartford, said implementation of the Dodd-Frank law is the "cutting-edge issue as it relates to insurance regulation at this time."
Mr. Caligiuri said the Dodd-Frank law gives "the federal government unprecedented power over the insurance industry."
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