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PIA Article: FIO Still Trying to Advance Federal Agenda

The two-years-late report by the Federal Insurance Office (FIO) on how to “modernize” insurance regulation shows that the FIO is still trying to advance a federal agenda...
January 15, 2014

The two-years-late report by the Federal Insurance Office (FIO) on how to “modernize” insurance regulation shows that the FIO is still trying to advance a federal agenda. That’s what PIA says in an article by Ted Besesparis, published in the National Underwriter. PIA challenges some of the FIO’s assertions – and calls attention to something it omitted:

“(PIA) is disappointed that the FIO, in its narrative regarding the 2007-2009 financial crisis, does not appear to take into account the report issued by the Government Accountability Office (GAO) on June 27, 2013. The FIO report sails by the GAO’s conclusion that the state insurance regulatory system worked well to help mitigate the negative effects of the crisis on the insurance industry. A truly objective report would have referenced the GAO study’s conclusions.”

FIO Still Trying to Advance Federal Agenda (National Underwriter 1/6/14)

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