Law360 Turns to Barry Weissman for Analysis of Anticipated FIO Insurance Report
Targeted News Service
BOSTON, Oct. 2 -- Edwards Angell Palmer & Dodge issued the following news release:
Edwards Wildman's Barry Weissman, a partner in the firm's Insurance & Reinsurance Department, discussed the implications of the Federal Insurance Office's missed deadline for releasing a sweeping report expected to shake up reinsurance regulation, in what experts identify as a sign it hopes to avoid alienating state regulators by pressing for tougher rules ahead of the November election. In a Law360 article, "Politics Put Brakes On FIO Reinsurance Report, Experts Say," Weissman predicted that neither this report nor another one by the FIO aimed at modernizing U.S. insurance regulation will surface before the election. Weissman observed that this report could be embarrassing to state regulators and that, in an election year, it doesn't matter which side of the coin one is on; one doesn't want to alienate a whole group of people quickly.
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