Competing federal and state investigators are rushing to disclose information to the news media about their investigations of the insurance industry, a regulator told a recent underwriters meeting.
The comments came from Audrey Samers, deputy superintendent and general counsel for the New York State Insurance Department, at a meeting earlier this week of the Minneapolis-based Professional Liability Underwriting Society in New York.
Ms. Samers told the group that the Securities and Exchange Commission and the New York attorney general's office are "racing to get press coverage."
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