Posted on November 10, 2010 08:52
Categories: Legislative and Regulatory Issues
Topics: Health Care Reform | Legislation (National) | Spending
This report, published by Milliman consulting group, touches upon the effects of U.S. financial reform on the insurance industry.
From the report:
On July 21, President Obama signed into law the Wall Street Reform and Consumer Protection Act, often referred to as the Dodd-Frank Act. The far-reaching legislation contains a great many provisions affecting the banking industry but gives relatively little attention to the insurance industry, and that mostly in one section of the act. Title V spells out the two major areas of change: the creation of a Federal Insurance Office (FIO) within the Department of the Treasury, and state-based insurance reform, which applies mainly to reinsurance and nonadmitted insurance (surplus lines insurance).
Full Report: The Dodd-Frank Act and the insurance industry: Strategic considerations of U.S. finacial reform (HTML)
Milliman. (2010). The Dodd-Frank Act and the insurance industry: strategic considerations of U.S. financial reform. Schwartzman, Joy and Ross, Gail.
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