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 “Another aspect of the data discussion that should be considered for long-term implications is that skillful use of this kind of info increasingly provides competitive advantage. And this also is where... In reply to: FIO Urges States to Tighten Insurance Data Oversight
- 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