There were some intriguing regulatory reform alternatives floated at two separate industry gatherings this month. At PLUS, one professional liability underwriter suggested that the federal government should oversee most commercial lines, while leaving personal lines with the states. Meanwhile, at PCI, one regulator suggested that bigger states get more voting power at the NAIC when setting national policy.

I am particularly intrigued by the voting power issue raised by Washington State Insurance Commissioner Mike Kreidler, who wisely observed that you cant have the Northern Marianas Islands with the same vote as the 19 million population of New York. It isnt reasonable.

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