by Jeremy Holter » Fri Mar 13, 2009 09:54 am
WASHINGTON (Reuters) - The U.S. insurance industry should be subject to federal regulation, the chief executive of Allstate Corp (ALL.N), the nation''s largest publicly traded home and auto insurer, said on Wednesday.
Tom Wilson told the U.S. Chamber of Commerce that the insurance industry, which is currently regulated by the states, should be put in a similar pool of regulation as other large financial firms.
Tom Wilson told the U.S. Chamber of Commerce that the insurance industry, which is currently regulated by the states, should be put in a similar pool of regulation as other large financial firms.
Posted: Fri Mar 13, 2009 10:04 am Post Subject:
I think this a very good idea. I think other nations have regulatory bodies which monitors over the performances of the insurance companies.
IMO this way we'd also be able to reduce complications about claim handling and other issues.
~Jeremy
Posted: Fri Mar 13, 2009 12:34 pm Post Subject:
It would be nice to have uniformity...
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