U.S. Insurers Oppose Re Collateral Plans

U.S. primary and secondary insurers have come out against twoproposals aimed at reducing collateral requirements for alieninsurers.

In a joint letter to the insurance commissioners of New York andWashington, D.C., the American Insurance Association, PropertyCasualty Insurance Association of America, National Association ofMutual Insurance Companies, and National Conference of InsuranceGuaranty Funds warned of the "adverse impact" the proposals wouldhave on the insurance marketplace.

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