While the insurance industry is state regulated, Washington D.C. has always remained a major player in the business through the introduction of various bills supported and opposed by the industry and through federal involvement in insurance programs such as the National Flood Insurance Program, the Terrorism Risk Insurance Act and the crop-insurance program.

In the wake of the financial crisis and the resulting Dodd-Frank financial-reform act, as well as enactment of the healthcare-reform law, the industry is now intensely focused on Washington, wondering how new federal powers and oversight authority will impact all corners of the insurance marketplace.

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