Editor's note: Arthur D. Postal writes a weekly column for PC360 on insurance-related developments in Washington. Prevoiusly, he was National Underwriter's Washington Bureau chief. Opinions expressed are the author's own.
A recent paper on insurance supervision by a Wharton School professor suggests that the industry's current state-based regulatory system is out of date, is “focused on the wrong problems,” and that the federal government needs to play a stronger role in overseeing an industry that is becoming increasingly globalized.
The report was published in the Jan. 22 issue of The New York Times.
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