Will the European Union realize that U.S. states have a place in the federal insurance regulatory system?

How should this practice operate in the context of insurance, and what should regulators do about it?

When Congress created the Federal Insurance Office in 2010 as part of the Dodd-Frank financial reform legislation, it asked the new agency to monitor whether traditionally underserved consumers, communities, minorities, andlow- and moderate-income persons have access to affordable insurance products in all lines except health insurance.

The definition is subjective, but there are some solid stats if you know where to look.

The laws in 49 states require drivers to carry automobile liability insurance, yet millions of Americans drive without it. Why? Auto insurance is too expensive, at least for low- and moderate-income drivers. Given the other demands on their financial resources, auto insurance is a luxury they can't afford.

Insurance contracts are complicated documents, especially for the average consumer. Consequently, most states require insurers to draft policy language to comply with readability standards to make it easier for consumers to understand complex coverage terms. Recently, regulators have focused on the extent to which policy forms are physically accessible to...

Federal regulator targets risk-based insurance pricing

NAIC Transparency/Readability Working Group to investigate policy transparency