Possible Federal Regulation of Reinsurance: Where Are We Now?

[Editor's Note: Rollie Goss specializes in reinsurance disputes and the defense of class actions and other complex litigation and arbitration matters. He is chair of Jorden Burt's Reinsurance industry group and is the blogmaster of Reinsurance Focus, an Internet blog focusing on reinsurance and arbitration matters. This article does not constitute legal or other professional advice or service by Jorden Burt LLP and/or its attorneys.]

INTRODUCTION

The Treasury Department issued a White Paper¹ providing the administration's long-awaited proposals for the "modernization" of the regulation of the financial services industry on June 17, 2009. That the word "reinsurance" is …