March 08, 2016
The Battle Over International Insurance Standards
Posted by David Zaring

Over at DealBook, I've got a column on international insurance regulation and its discontents.  A taste:

The globalization of the rules that govern insurance companies has been extremely quick — too quick for the tastes of many American insurers. They are fighting back by asking for process, process and more process.

I think that the protections sought would be unnecessary, and even counterproductive. But they are classics. The insurers are asking for more notice and comment and more trial-type procedures. Administrative process, and how much of it someone should get, lacks a bit of glamour. But it is something that the government and the financial industry will always fight about.

Go give it a look!

Administrative Law, Finance, Financial Institutions | Bookmark

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