The National Association of Insurance Commissioners hasdisbanded a working group on class action litigation, apparentlysatisfied that such suits against the insurance industry do notpose a serious threat to the regulatory process.
The action came during the group's winter meeting earlier thismonth, when it disbanded the Class Action Litigation WorkingGroup.
Steve Parton, a representative from the Florida Office ofInsurance Regulation, said the lack of compelling evidence from aRand study currently underway on the subject indicated the group'swork was complete.
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