Insurance regulation in the United States is often described as “state-based.” That sounds reassuring. Local accountability. Fifty insurance commissioners. Fifty departments. Fifty sets of eyes. The reality is far less comforting.  We have 50 separate regulators, each with its own budget constraints, political pressures, industry relationships, and transparency standards. There is no unified federal insurance … Continue reading Insurance Regulation in America: Fifty Watchdogs, One Closed Door