|Copyright:||(c) 2011 A.M. Best Company, Inc.|
|Source:||A.M. Best Company, Inc.|
As efforts to amend or repeal parts of the Dodd-Frank Wall Street Reform and Consumer Protection Act begin, the chairman of the
While many in the insurance industry have been critical of new or potential impacts resulting from the work of the nascent Federal Insurance Office or
“Nothing we do is immune from improvement,” Reed said.
Reed’s comments came as a key congressional subcommittee began hearings into proposed legislation to alter aspects of the Dodd-Frank law. With most insurance issues now before a newly reorganized insurance subcommittee, the bills steered clear of provisions in the financial reform law that specifically address the industry as a whole.
Dodd-Frank established a framework for regulating the over-the-counter swaps market — a market previously excluded from regulatory oversight “that has grown exponentially in recent years,” according to the
Republicans may take the same approach to Dodd-Frank that they are using to try to undo the Affordable Care Act — starving it of funding,