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Threat of U.S. Insurance Regulatory Crackdown Fades Without Democratic ‘Blue Wave’

November 5, 2020


Insurers appear to have dodged a revival of strict regulations and policy upheavals after an anticipated Democratic “Blue Wave,” which would have allowed progressives to push for broad reforms, failed to materialize on Wednesday, said industry executives.

The U.S. presidential election result was on a knife-edge on Wednesday, with Republican President Donald Trump and Democratic challenger Joe Biden tightly knotted as officials in several states completed their vote counts. Congress looked set to remain divided with Democrats keeping the House of Representatives and Republicans on track to retain control of the Senate.

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