AIA: Info Sharing Bill Still Flawed

NU Online News Service, Aug. 23, 9:58 a.m. EST?An insurer group is predicting their industry will suffer if aneffort to overhaul financial services industry operations byCalifornia State Sen. Jackie Speier, D-San Francisco, succeeds.

"Nothing has changed in the last year. This bill remainsfundamentally flawed and will cause unforeseen consequences," saidBill Gausewitz, American Insurance Association assistant vicepresident, Western region. "This bill discriminates againstcompanies based on their corporate structure, and its technicalproblems will disrupt the internal operations of manyorganizations."

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