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AIA, NAIC Face Off Over State Vs. Federal Regulation

LAS VEGAS--Whether federal authorities' failure to foresee and head off the subprime mortgage crisis is evidence Washington should not be trusted with insurance oversight was a focus of contention here

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LAS VEGAS–Whether federal authorities’ failure to foresee and head off the subprime mortgage crisis is evidence Washington should not be trusted with insurance oversight was a focus of contention here yesterday in a face-off between the nation’s top state regulator and an industry association leader.

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