Calif. Insurance Regulation Defies Trump's America
By Nathaniel Braun, Selman Breitman LLP ( April 25, 2017, 11:39 AM EDT) -- Since enacting the McCarran-Ferguson Act[1] in 1945, the federal government has mostly avoided the business of regulating insurance – that regulation is left to the states. California has the second biggest insurance market in the country and exercises a considerable amount of regulatory control over the offer, issuance and management of insurance in the state. But as California finds itself at odds with the Trump administration, California is actively working to cement its regulatory framework over hot-button issues like environmental protection, emissions standards and civil rights — this is already having, and will continue to have, knock-on impacts on insurance and insurance-like business in California....
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