The Era of Increased Federal Regulation: A “New Deal” for the Insurance Industry?
Simpson Thacher litigation partner Michael D. Kibler recently authored an article entitled "The Era of Increased Federal Regulation: A 'New Deal' for the Insurance Industry?" that was published in the April 2010 issue of Bloomberg Law Reports-Insurance Law. The article addresses the government's increased regulation for the financial system and how this new era of regulation may reach the insurance industry. The article explores pending federal legislative efforts to regulate activities of insurers and describes already existing federal legislation that directly or indirectly affects the business of insurance.