English, Article edition: Insurance regulation in America – playing out of its league Michael R. Powers

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Bookmark: http://trove.nla.gov.au/version/28252
Physical Description
  • article
Language
  • English

Edition details

Title
  • Insurance regulation in America – playing out of its league
Author
  • Michael R. Powers
Physical Description
  • article
Notes
  • Purpose – The purpose of this editorial is to consider the effectiveness of the state-based insurance regulatory system operating in the USA. Design/​methodology/​approach – The editorial begins by identifying two major challenges recently faced by America's state-based regulatory system, and argues that state regulators handled these problems inadequately. It then discusses the fundamental weaknesses of the system. Findings – The shortcomings of the state-based regulatory regime are responsible for its failure to prevent the mortgage-industry crisis from threatening the solvency of at least one major insurance group. Originality/​value – The editorial argues in favor of federal oversight of insurance in the USA.
  • Insurance, Regulation, United States of America
  • RePEc:eme:jrfpps:v:10:y:2009:i:1:p:5-6
Language
  • English
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