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Senate Banking Committee Urged to Back Federal Insurance Regulation

National News • July 30, 2008
The U.S. regulatory structure for the insurance industry puts companies at a disadvantage overseas and stifles innovation and competition for consumers, the industry told U.S. lawmakers ...

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Subject: FEDERAL INSURANCE REGULATION

Posted On: July 30, 2008, 3:48 pm CDT
Posted By: J D Kull
Comment:
Insurers want a system similar to U.S. Banking regulation that allows banks to choose their regulator. 'The insurance industry is very pragmatic in their selection of a preferred regulator," Plunkett said. "They always favor the least regulation."

And look at that how that has made the banking industry so successful!

Whether it is the Feds or state regulators, the least regulation should not mean ineffective regulation. BFannie Mae and Freddie Mac were very effective at keeping the regulators away and the American taxpayers will pay for it.
Subject Posted By Posted On
RE: RE: RE: Federal (non) Oversight Rusty
Aug 5, 2008, 10:12 am
RE: RE: Federal (non) Oversight Ratemaker
Jul 31, 2008, 12:02 pm
Innovation from weaker regulation MAP in A2
Jul 31, 2008, 8:31 am
RE: Federal (non) Oversight matt
Jul 31, 2008, 8:15 am
Federal (non) Oversight Joe B
Jul 30, 2008, 3:49 pm
FEDERAL INSURANCE REGULATION J D Kull
Jul 30, 2008, 3:48 pm
you guys are wrong
Jul 30, 2008, 1:31 pm
RE: The more I learn about this... CBC
Jul 30, 2008, 1:06 pm
The more I learn about this... KLS
Jul 30, 2008, 12:35 pm
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