NAIC: ?Regulatory Lawsuits' Undermine Us

NU Online News Service, Dec. 10, 2:50 p.m.EST?Regulators at the National Association of InsuranceCommissioners meeting in California said they are still searchingfor ways to deal with what they call "Regulatory Lawsuits" thatundermine state-level regulatory authorities.[@@]

In these multistate class action lawsuits, regulators said, caselaws made by juries and judges from one state can createfar-reaching new insurance rules, hurting the authority of stateinsurance regulators and legislatures and their existing rules.

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