Business Insurance Quotes Cynthia Borrelli: “SIFI insurer designation may go the way of the dinosaur”
Bressler Principal Cynthia Borrelli was quoted in the Business Insurance article “SIFI insurer designation may go the way of the dinosaur” by Gloria Gonzalez.
The article discusses the “too big to fail” designations for insurers that was implemented under the Dodd-Frank Wall Street Reform and Consumer Protection Act.
“The Choice Act and abolishing the SIFI designation would be a good thing,” said Cynthia Borrelli, a principal and head of the insurance law practice of Bressler, Amery & Ross P.C. in Florham Park, New Jersey. “But would it be a huge impact to the world or at least to the United States? No. How significant would it be to abolish a designation that only impacts two insurers?”
To read the entire article on the Business Insurance website, click here.