Leonardi, NAIC slam FSB report on U.S. insurance system
September 3, 2013 by Elizabeth Festa
The National Association of Insurance Commissioners (NAIC) is taking deep offense to the latest perceived blow by the Financial Stability Board (FSB) to the U.S. system of insurance regulation.
The FSB’s critical peer review of the United States, focusing on the state of insurance supervision, was released earlier this week.
The report recognized that state regulators are effective at the two main things they set out to do, which are ensuring effective policyholder protection and ensuring financial solvency, according to Connecticut Insurance Commissioner and head of the NAIC’s International Insurance Relations Committee Tom Leonardi.
Originally Posted at LifeHealthPro on August 30, 2013 by Elizabeth Festa.
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