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AIA Blasts State Regulation as 'Inefficient and Costly' in Letter to FIO

State regulation of the U.S. insurance industry is inefficient and costly, the American Insurance Association says in a new comment letter.

By Arthur D. Postal | Updated on August 31, 2012

State regulation of the U.S. insurance industry is “inefficient and costly,” the American Insurance Association says in a new comment letter.

The AIA comments were contained in an answer to the Federal Insurance Office’s request for industry input on a forthcoming study of the breadth and scope of the global-reinsurance market and the critical role such markets play in supporting insurance in the United States.

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