Warren's letter suggests she isn't convinced those steps have moved fast enough. She wrote that while the NAIC has "initiated some modest reforms," many remain under development or only partially implemented, even as insurers have built up "substantial private exposure" over the past decade. Her questions to the association center on what assessments it has made since the Walter reporting broke, and what additional federal or state guardrails might be needed given the size, consolidation, and interconnectedness now built into the insurance market.
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