Turning point: elections 2006: the outcome of November's U.S. elections should shape the course of insurance for years.(Regulatory/Law: Elections)

Best's Review, October, 2006 by Noonan, Brendan

From the corridors of Congress to state capitals, from the judiciary to the bureaucracy, the 2006 election holds rare potential to make a profound and lasting impact on the statutory and regulatory environment for insurers.

Unprecedented scrutiny has fallen on how and where insurance is regulated. The winners of congressional, state legislative, gubernatorial, regulatory and judicial races will face decisions that could alter the landscape for insurers, agents, brokers and other participants in this critical sector of the U.S. economy.

The questions are fundamental: Will insurance remain principally state regulated, or will the federal government dramatically expand its role? Will state regulators--if their primacy is affirmed--tighten their grip or...

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