How the Office of National Insurance Act of 2010 Threatens State Insurance Regulation

By Karl L. Rubinstein 1 Title V of the new Dodd-Frank Wall Street Reform and Consumer Protection Act (“Dodd-Frank”) is named the “Federal Insurance Office Act of 2010.” Several provisions of Title V---foreshadow massive federal intrusion into the insurance industry and a likely...

How Dodd-Frank Undermines Reinsurance and Endangers American Policyholders

By Karl L. Rubinstein As I discussed in my article of September 28, 2010 1 , Title V of the new Dodd-Frank Bill foreshadows a federal takeover of insurance regulation. When effective next year, it will not only subordinate state insurance laws to international treaties relating to “prudential...