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PIA’s Take on GAO Report on State Regulation in National Underwriter

The report by the Government Accountability Office (GAO) that found that the state insurance regulatory system helped mitigate the negative effects of the 2007-09 financial crisis on the insurance industry continues to make news...
August 14, 2013

The report by the Government Accountability Office (GAO) that found that the state insurance regulatory system helped mitigate the negative effects of the 2007-09 financial crisis on the insurance industry continues to make news. PIA’s report and analysis on the GAO study is featured in the National Underwriter’s Property/Casualty 360. In our analysis, we note that the GAO report serves as an objective counter-balance to an upcoming report that will likely not be objective: A study of insurance regulatory modernization by the Federal Insurance Office (FIO).

GAO: State Regulatory System Lessened Financial Crisis(National Underwriter 8/8/13)
Industry, Regulators Cheer GAO Finding that State System Worked Well (PIA)