NAMIC Touts State Reform Proposal
The National Association of Mutual Insurance Companies believes that its recently released white paper can help launch “in earnest” the national debate on the best way to regulate insurance.
Although the release of the public policy paper “Regulation of Property/Casualty Insurance: The Road to Reform” is the natural culmination of two years of work by a NAMIC task force, Larry Forrester, the Indianapolis-based organization's president and general manager, admitted that the paper's timing is fortuitous.
He noted that there are currently two proposals in Congress for the optional federal chartering of insurance companies–one by Sen. Charles Schumer, D-N.Y., and the other by New York Rep. John J. LaFalce, the ranking Democrat on the House Financial Services Committee.
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