Among other wailing and teeth-gnashing in the wake of President Obama’s re-election are industry predictions that insurance companies will be subject to enhanced federal oversight during the second term. Based on early reactions, the federal microscope seems to be most unwelcome....

For those of you waiting breathlessly for the Federal Insurance Office’s reports on reinsurance and insurance regulation, you may want to find a comfortable chair. Some analysts predict the overdue reports probably won’t be coming out until after the November election. Apparently, nobody is looking to alienate state regulators or the insurance industry at this delicate time. Why poke a bear if you don’t have to? Nevermind that these reports were due month ......

Among other sweeping reforms designed to mitigate against the next financial crisis, the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 (Dodd-Frank) created the first federal regulatory agency focused on insurance, an industry historically subject primarily to state regulation under the McCarren-Ferguson Act of 1945.  Undoubtedly prompted by the near-failure of insurance giant AIG, the Federal Insurance Office Act of 2010 established the Federal Insurance Office (FIO) within the U. ......