On both the federal and international levels, 2012 will be a profoundly important year in the realm of insurance regulation.

Few people are likely more cognizant of this than Ben McKay, SVP of federal government relations for the Property Casualty Insurers Association of America (PCI). One of the primary battles McKay and other insurance industry advocates will fight is the ongoing implementation of the Dodd-Frank Act. The Financial Stability Oversight Council’s (FSOC) work to finalize its rules regarding non-bank systemically important financial institutions (SIFIs) is of special concern to the industry. 

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