Regulators Harm Buyers More Than Brokers: NAMIC
NU Online News Service, April 15, 1:31 p.m. EDT?Instead of worrying that agent/broker fee improprieties are raising consumer insurance costs, policymakers should focus on regulatory action that hikes expenses and prices, a leading insurer trade group executive told an industry meeting.[@@]
Regulatory requirements have pushed up prices "for years," according to Roger H. Schmelzer, vice president of state and regulatory affairs with the Indianapolis-based National Association of Mutual Insurance Companies.
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