Federal Regulation of Insurance Gaining Steam
My thoughts on this subject are numerous, so I will bring you up to speed in a short paragraph. The States currently regulate insurance. The new Dems, control of the Congress , has catapulted the idea that the Feds can do a better job. The fight is on. My thought is that the States have struggled keeping up with all the nuances of insurance and the Feds will struggle too. This is a very dynamic business and no single regulatory body will out do the other. The best approach may be a combination of both Fed and State regulation, which is also being proposed. Sometimes working together as a team works! Let's hope the States and Feds figure that out. K
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