Federal regulation may increase compliance burden, head of op risk warns
US insurers dealing with potentially heavier load from federal regulation and the Orsa
Federal regulation for US insurers risks becoming a compliance burden, one head of operational risk warns. Kay Rahardjo, chief operational risk officer at The Hartford, says that potential federal regulation may increase the load for insurers already dealing with state supervisory measures.
"My concern with federal regulation is if it becomes an additive law. This would just add more expense and more bureaucracy and more regulation on top of what we already have and would add to the overall
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