2016 | Noviembre 21
The Obama administration is pressing U.S. states to curb insurers’ use of fine print in contracts that bars unsatisfied customers from suing, taking the latest step against “mandatory arbitration clauses” in an insurance report released by the Treasury Department on Monday.
The federal government does not regulate insurance companies or products. Each state has its own oversight process. But in recent years, the U.S. government has dipped its toe into regulating the industry, most notably by identifying some insurers as “too big to fail,” a label triggering additional capital requirements.