A Mandate For N.Y. Insurer Investments?
NU Online News Service, June 4, 4:25 p.m. EST?The head of the New York Assembly Insurance Committee said he will hold a hearing Friday on his measure requiring insurers to put a percentage of assets into "socially responsible" investments in New York.
"New York licensed insurers control vast amounts of capital," said Assemblyman Pete Grannis, D-Manhattan, who noted that last year 31 of 85 domestic life insurers "reported no New York investments for the previous year."
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