Orlando, Fla.–State regulators after years of inaction on theissue could shortly approve a measure to deregulate rate settingfor personal insurance lines, an Alabama regulator said.
Deputy Alabama Commissioner David Parson, who chairs thePersonal Lines Market Regulatory Framework Working Group, said sucha measure could gain approval within the next few months.
Speaking yesterday at the group's session during the springmeeting of the National Association of Insurance Commissioners, Mr.Parsons said such a relatively speedy outcome could be possible ifthe panel used the model developed by regulators in 2000 but thenabandoned.
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