Wednesday, March 18, 2009
Senate Banking Committee Hears Divergent Testimony from P&C, Life Industry
Representatives Frank Keating of the American Council of Life Insurers (ACLI) argued the need for a federal insurance regulator, while John T. Hill of the National Association of Mutual Insurance Companies (NAMIC) said his organization supported a reformed state-based system.
Testifying before the Senate Banking Committee today, representatives from life and P&C industries associations presented diverging recommendations about changes to insurance regulation, as revealed by advance copies of the remarks of Frank Keating, president and CEO of the American Council of Life Insurers (ACLI) and John T. Hill, president and COO of Magna Carta Companies (New York) and chairman-elect of the National Association of Mutual Insurance Companies (NAMIC). Keating and Hill spoke before the congressional Committee's hearing entitled "Perspectives on Modernizing Insurance Regulation," along with representatives of the National Association of Insurance Commissioners (NAIC), the Independent Insurance Agents and Brokers of America (the Big "I"), and others...
I&T: Senate Banking Committee Hears Divergent Testimony from P&C, Life Industry
Testifying before the Senate Banking Committee today, representatives from life and P&C industries associations presented diverging recommendations about changes to insurance regulation, as revealed by advance copies of the remarks of Frank Keating, president and CEO of the American Council of Life Insurers (ACLI) and John T. Hill, president and COO of Magna Carta Companies (New York) and chairman-elect of the National Association of Mutual Insurance Companies (NAMIC). Keating and Hill spoke before the congressional Committee's hearing entitled "Perspectives on Modernizing Insurance Regulation," along with representatives of the National Association of Insurance Commissioners (NAIC), the Independent Insurance Agents and Brokers of America (the Big "I"), and others...
I&T: Senate Banking Committee Hears Divergent Testimony from P&C, Life Industry
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