NU Online News Service, June 28, 11:58 a.m. EDT
WASHINGTON—Consumer advocates are questioning whether the Treasury Department should include an actuary as a member of the proposed Federal Advisory Committee on Insurance (FACI), citing a potential conflict of interest, among other concerns.
The Consumer Federation of America (CFA) points in particular to a recent letter to Congress written by the American Academy of Actuaries regarding flood-insurance legislation. That group did not disclose that the actuary who wrote the letter is employed by a reinsurer.
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