WASHINGTON--An optional federal charter for insurers would not eliminate the sort of property insurance marketplace problems that now exist in coastal states, a group of industry officials cautioned last week.
But creation of an OFC would give the federal government a complete view of the insurance industry that the current regulatory scheme doesn't provide, said Scott Sinder, a member of the Washington, D.C. law firm of Steptoe & Johnson.
His comments were made at a panel discussion sponsored jointly by the American Enterprise Institute for Public Policy Research and the Competitive Enterprise Institute on, "Could More Competition Have Solved the Post-Katrina Insurance Problems on the Gulf Coast?"
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