The complexity of the insurance industry means that companies of different sizes could see reforms proposed in the FIO's...States should "develop standards for the appropriate use of data for the pricing of personal lines insurance," the agency writes...
- Posted by Kathy Burger “I guess some of how this plays out is going to be determined by how the concept of "efficiency" is defined and which constituencies (customers, insurers, regulators) are supposed to benefit from these... In reply to: Feds (Probably) Not Taking Over Insurance Regulation
- Posted by Kathy Burger “Too much of the discussion is going to focus on "federal vs. state" regulation. It should first and foremost examine the existing processes for product, rate, price approval, etc., objectively... In reply to: Insurance Groups React to FIO Modernization Report
- Posted by Kathy Burger “You hit the nail on the head, Steve. I am shocked, shocked! that these industry groups immediately (and predictably) pushed back against the findings. It reads as if these responses were prepared... In reply to: Insurance Groups React to FIO Modernization Report