Insurance expert witnesses may write reports and testify on property insurance, insurance regulations, casualty insurance, and related topics. The National Association of Insurance Commissioners has told Congress that there is insufficient insurance expertise on the Financial Stability Oversight Council.
Adequate representation of insurance regulators on the Financial Stability Oversight Council (FSOC) is key to financial stability, Missouri Insurance Director John Huff told Congress April 14th. Speaking on behalf of the NAIC, Huff testified before the House Committee on Financial Services’ Subcommittee on Oversight and Investigations.
“Our regulatory system requires regulators to work collaboratively and share information with one another in confidential settings. Yet to date, I have been restricted from consulting with my fellow insurance regulators on matters before FSOC,” testified Huff.
Read more: www.naic.org.