U.S. Insurers Oppose Re Collateral Plans
U.S. primary and secondary insurers have come out against two proposals aimed at reducing collateral requirements for alien insurers.
In a joint letter to the insurance commissioners of New York and Washington, D.C., the American Insurance Association, Property Casualty Insurance Association of America, National Association of Mutual Insurance Companies, and National Conference of Insurance Guaranty Funds warned of the "adverse impact" the proposals would have on the insurance marketplace.
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