8/29/13 - NAIC Comments on Financial Stability Board Peer Review
Statement from Thomas B. Leonardi, Connecticut Insurance Commissioner and NAIC International Insurance Relations Committee Chair
"The authors of the recent FSB peer review acknowledge that the US insurance regulatory system is effective at providing policyholder protection and ensuring the solvency of individual insurance companies. We can think of no more important and fundamental responsibilities for insurance regulators. However, the authors' opinion that a more federal approach to insurance regulation is necessary fails to identify any credible problem such a shift would solve and offers little factual basis for its conclusions."
To see the NAIC's response to an earlier draft of the peer review, click here.