The Future of Insurance Regulation in the United States

There are strong forces arrayed for and against proposals to reform insurance regulation in America. This struggle, combined with the complexity of the issues and cacophony of conflicting arguments, have likely contributed to legislative inaction. Martin Grace, Robert Klein, and other experts on insurance and financial regulation help policymakers, professionals, and scholars cut through the rhetoric to grasp the implications of different options and the associated facts and issues.

The Future of Insurance Regulation enhances research and informs the debate on restructuring the framework for insurance regulation in the United States. It evaluates proposed legislation that would create an Optional Federal Charter (OFC) for insurance companies and agents. This proposed reform is a major driver of insurance regulatory framework issues and would have important impacts on firms and customers. The contributors also go beyond discussion of OFC, however, laying out the broader context and need for regulatory reform in the insurance industry.