Insurers Can't Be Regulated Like Banks: Experts

Law360, New York (May 11, 2009, 12:00 AM EDT) -- Insurance industry experts cautioned members of Congress on Thursday to tread carefully when it comes to crafting new regulations for the insurance industry and avoid weighing the industry down with rules more broadly aimed at financial services firms.

At a hearing before the U.S. House of Representatives subcommittee on capital markets, insurance, and government-sponsored enterprises - convened to examine the question of how the federal government should oversee the insurance industry - several insurance industry analysts urged lawmakers to avoid a regulatory approach more suited to...
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