CHICAGO--An insurance regulatory system with a centralized federal regulator overseeing some lines of business, and state regulators maintaining regulatory control of others, was a concept discussed by a member of a professional liability organization here.
Leib Dodell, president and chief executive officer of Media/Professional Insurance in Kansas City, Mo., suggested that such a system--carving out professional liability and other commercial lines for deregulation or centralized regulation--could be preferable to an optional federal charter.
He made his remarks during the opening session of the Professional Liability Underwriting Society annual conference yesterday.
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