Search
 

NAMIC Report Defends Insurance Regulatory Structure

State-based insurance regulation has performed admirably through the U.S. economic crisis, and the turmoil in the financial markets should not be seen as a reason for implementing federal regulation

By Phil Gusman | Updated on January 09, 2009

State-based insurance regulation has performed admirably through the U.S. economic crisis, and the turmoil in the financial markets should not be seen as a reason for implementing federal regulation of property-casualty insurance, a NAMIC report has concluded.

The study, “Financial Oversight Failure Highlights Effectiveness of Insurance Regulation,” argued that while the current crisis has exposed some gaps in the financial regulatory system, the regulation of insurance by the states has been an exception and has “proven stable and reliable such that insurance companies are today able to provide their individual and commercial insureds with needed protection even in a time of terrible strain.”

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.

INCLUDED IN A DIGITAL MEMBERSHIP:

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?

NOT FOR REPRINT

© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Recommended Stories

PropertyCasualty360

Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2025 ALM Global, LLC. All Rights Reserved.