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FIO: 'Finally, It's Out'

Reaction thus far has been measured, if not predictable. But was it worth waiting for?

By Shawn Moynihan | Updated on December 20, 2013

One thing I always find amusing about the insurance industry is its unabashed embrace of acronyms. Surely there are few other industries in the world in which you see quite as many of them bandied about—so much so, in fact, that a certain report we’ve awaited for quite some time now contains a glossary of them that’s nearly two pages long.

But I digress. One of the most discussed of insurance acronyms is the FIO, or Federal Insurance Office, which just in time for Christmas released its long overdue, long-awaited report (created pursuant to the Dodd-Frank Act) that examines whether federal oversight is truly necessary in regulating the insurance industry. It thoughtfully posits that the debate at hand is not whether insurance regulation should be state-based or federal, but whether there are areas in which federal involvement in regulation under the state-based system is warranted. 

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Shawn Moynihan

Shawn Moynihan

Shawn Moynihan is Editor-in-Chief of National Underwriter Property & Casualty. A St. John’s University alum, Moynihan has earned 11 Jesse H. Neal Awards, the Pulitzers of the business press; seven Azbee Awards, from the American Society of Business Press Editors; two Folio Awards; and a SABEW award, from the Society of American Business Editors & Writers. Prior to joining ALM, he served as Managing Editor/Online Editor of journalism institution Editor & Publisher, the trade bible of the newspaper industry. Moynihan also has held editorial positions with AOL, Metro New York, and Newhouse Newspapers. He can be reached at [email protected].

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