It is increasingly likely Congress will impose some level of federal insurance regulation soon unless states act promptly to impose meaningful reform, the head of a property-casualty insurer group warned state regulators at a sitdown here last week.
The comments by David Sampson, president and chief executive officer of the Property Casualty Insurers Association of America, were among those voiced at a May 21 meeting attended by 28 state insurance regulators and 14 representatives of other state regulatory agencies.
Mr. Sampson was one of four insurance group leaders invited to speak at the "roundtable," chaired by Kansas Insurance Commissioner Sandy Praeger, president of the National Association of Insurance Commissioners.
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