The positive performance of state insurance regulators during the current financial crisis is causing at least one supporter of optional federal charters to re-think his position. From a report in the National Underwriter:

“Eric Andersen, CEO of U.S. Retail at Aon Risk Services, said he has always been a strong OFC supporter, but noted that state regulators did a good job of protecting policyholders during the last couple of weeks. He said he now steps back and considers that, at the end of the day, state regulators did their job.”

Brokers Call For Calm, Rationality Regarding Market Concerns (National Underwriter 9/26)

September 30, 2008