Insurers Warn Against Encroachment on State Regulation

From: Insurance Journal

By Mark Hollmer

Insurance companies are calling for Congress to ensure state-based insurance regulation remains protected from federal or international “regulatory encroachment.”

“Congress must now increase its oversight regarding the unprecedented federal and international intrusion into state insurance regulation,” Kurt Bock, CEO of Country Financial, said in written testimony last week before the Senate Banking Subcommittee on Securities, Insurance and Investment. He spoke on behalf of the Property Casualty Insurers Association and the National Association of Mutual Insurance Companies

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