Insurance industry and consumer groups remain bitterly at odds over a controversial proposal to collect market conduct data as part of the annual statement process and house it in a centralized data bank.
The issue pits those in the industry raising concern over the confidentiality of the data, as well as how it would be treated if released, against consumer advocates who say such data should be public because it will benefit consumers and even keep the insurance market healthy.
The proposal was the subject of a conference call last week that drew over 100 participants, including both industry and consumer group representatives. The May 28 call was arranged by the Executive Committee of the National Association of Insurance Commissioners.
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