X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

Life To P&C: Take A Hike?

The following “Editorial” was run by our counterparts in last weeks National Underwriter Life & Health/Financial Services edition. We welcome reaction from the property-casualty side. Send your comments to [email protected].

If the life insurance industry seriously intends to pursue optional federal chartering, then it needs to redefine the debate over insurance regulation. It needs to separate itself, clearly and emphatically, from the property-casualty industry, creating its own unique identity as a provider of financial services. Above all, it needs to re-educate the nations policymakers so they will think of life insurers in a new and distinct light, not just as simply one branch of a massive, amorphous “insurance industry.”

This may seem like a radical notion, but if one thing is clear from recent House and Senate hearings on insurance regulation, it is that this is necessary if optional federal chartering of life insurers is to have any chance of enactment in the foreseeable future.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.

INCLUDED IN A DIGITAL MEMBERSHIP:

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?

 

PropertyCasualty360

Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360
Live Chat

Copyright © 2022 ALM Media Properties, LLC. All Rights Reserved.