Stinson Leonard Street Dodd Frank

MAKING SENSE OF DODD-FRANK

The Dodd-Frank Act has broad and deep implications that will touch every corner of financial services and multiple other industries. This site, developed and maintained by attorneys at Stinson Leonard Street, is dedicated to making sense of this complex legislation and helping businesses understand how it will affect them specifically. Our Bloggers »

Dodd-Frank

Insurance Group Responds to Dodd-Frank Act

by   |   August 15, 2010

The National Association of Mutual Insurance Companies (NAMIC) issued this press release in response to the Dodd-Frank Act.  As we noted here, Dodd-Frank establishes a new agency, the Federal Insurance Office (FIO).  According to NAMIC, “the FIO will play an important role in helping guide federal policy and trade negotiations with regard to property/casualty insurance, . .  . however, we must remain vigilant to ensure that it is not allowed to expand beyond its intent. The FIO was designed to, and should, work in concert with the state regulatory system, not duplicate it.”