What’s next for the Federal Insurance Office?
September 9, 2025 by Doug Bailey
A federal office of insurance created just 15 years ago, designed to address weaknesses in financial oversight, has been an endangered species since the day it was born.
Despite the U.S. insurance industry being a cornerstone of the national economy and a critical player in global financial markets, regulation of it has been left to individual states. This varying patchwork system of oversight of such a vital segment of the U.S. economy was seen by some as outdated in the worldwide financially interconnected 21st century.
Wink’s Moore on the Market: Doug Bailey at InsuranceNewsNet has me questioning “what’s next” for the Federal Insurance Office?
Should the FIO be dismantled?
Or, is this entity a necessity in a world of increasingly-complex life insurance arrangements?
-sjm
