Needham, Mass. – Despite 2008 being an election year, insurers can ill-afford to let pressing regulatory issues lose momentum. That’s the conclusion of Karen Pauli, senior analyst, insurance, for Needham, Mass.-based TowerGroup and author of “2008 U.S. Insurance Regulatory Agenda: Will the Upcoming Elections Quell the Drive for Reform?”
Pauli cites three issues that roiled the industry in 2007–reform of the National Flood Insurance Program (NFIP), establishment of an optional federal charter and the extension of the Terrorism Risk Insurance Act (TRIA)–also playing a big role in 2008.
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