NU Online News Service, Aug. 8, 3:07 p.m. EDT
At its second public meeting on Aug. 6, the Federal Advisory Committee on Insurance (FACI), a private-public consultancy branch of the Federal Insurance Office, signaled it was viewing U.S. insurance regulation through the wide-angle lens of internationalization, and also seeking input on shortcomings and the need for updating state insurance regulation.
FIO Director Michael McRaith also said the long-awaited modernization report could be expected "in the near future," according to those present.
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Elizabeth Festa
Elizabeth Festa is a longtime business and financial services reporter with a specialty in insurance regulatory and legislative coverage at the federal and state level. She is based in Washington, D.C.
