The Historical Arc of Insurance Regulation and Modernization: Convergence or Disharmony? Past, Present and Future

This PowerPoint report, presented by Robert Hartwig, president of the Insurance Information Institute, at St. John’s University’s School of Risk Management, Insurance & Actuarial Science, focuses on the past, present and future of insurance regulation and modernization. The presentation provides a history of insurance regulation highlighting the eight waves of regulation in U.S. insurance history: the institutionalization of insurance regulation; industrialization, progressive politics and federal power; the genesis of rate regulation; reversing course: a massive display of federal power; a deregulatory pulse; crises and regulatory fury; global crises, global responses; and shadow regulators. The report also includes a section on what the short term and longer term may hold concerning health insurance and the Affordable Care Act, and emerging markets and risks. It concludes with a discussion on significant near-term risks.