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Congress gets a taste of the industry's huge divide on federal regulation.

Publication: National Underwriter Life & Health-Financial Services Edition
Publication Date: 19-JUL-04 		Format: Online - approximately 686 words
Delivery: Immediate Online Access
Full Article Title: Congress gets a taste of the industry's huge divide on federal regulation.(Top Stories Of The Week)

Article Excerpt
AS THE SENATE BANKING Committee expressed new interest in the competitiveness and regulation of the insurance industry, testimony last week before the committee illustrates the huge divide within the industry as to what should be done to make it more competitive.

For example, in its testimony, the Independent Insurance Agents and Brokers of America said Congress can play a "vital role" in reforming the state insurance regulatory system, but that role should be "targeted and limited." On the other hand, a representative of the Financial Services Roundtable, an umbrella group whose members come from all segments of the financial services, used the...

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