The Federal Insurance Office (FIO) says it will release its long-awaited report on recommendations for modernizing and improving insurance regulation before July.
Michael McRaith, director of the FIO, made the comment today at a meeting of the agency's Federal Advisory Committee on Insurance in Washington.
The FIO will issue reports on how the government should deal with national catastrophes at the same time, along with all other reports it is required to release under the Dodd-Frank Financial Services Reform law. The department will also comment on the nation's flood insurance program.
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