U.S.-EU insurance agreement welcomed by industry groups, questioned by state regulators

The covered insurance agreement between the United States and European Union is being strongly welcomed by U.S. industry groups, but facing skepticism from state-level regulators that will be charged with implementing provisions in the deal. The American Insurance Association and Reinsurance Association of America both pointed to specific provisions in the covered agreement that was submitted to Congress on Jan. 13, which seeks to provide protections for U.S.-based insurers and reinsurers operating in the EU and EU insurers and reinsurers...