In the November 30, 2016, edition of A.M. Best’s BestWire, MFH Board Member Grace Vandecruze commented on the anticipated rollback of federal insurance regulation.
“This will not change the way that state regulators operate,” said Grace Vandecruze, MFH Board Member and managing director of Grace Global Capital. “It will shift the balance of power back in their favor. There will not be federal regulators trying to influence the states.”
On President-elect Donald Trump’s pledge to replace Dodd-Frank with new policies, Grace adds: “If the president-elect implements his campaign promises,” Vandecruze said, “it is more likely than not that the federal authority to regulate insurance will be removed.”Subscribers can access the full article on the A.M. Best website.