Wednesday, June 17, 2009

 

US Insurers Press Case For Federal Regulation

Proponents of creating an optional federal charter for the insurance industry, which is currently regulated by the states, were set to press their case Tuesday before a House panel.

The issue has split the industry, pitting life insurers and large property and casualty insurers against small and medium-sized P&C and mutually-owned companies.

It is unclear if the Obama administration will back federal regulation for insurers when it unveils its plan to rewrite financial rules Wednesday...

WSJ: US Insurers Press Case For Federal Regulation

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