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US Regulation - US moves to extend federal regulation to include tier 1 insurance companies

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The US government has taken the first steps toward federalising the country's state-based insurance regulatory system with a white paper entitled The Financial regulatory reform: A new foundation, which proposes forcing tier 1 financial institutions - including insurers - into stricter supervision, and the creation of an Office of National Insurance (ONI) within the Treasury.

A newly created

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