The battle lines were drawn yesterday in Las Vegas in the first of two debates over state versus federal regulation between AIA President Marc Racicot and NAIC President Sandy Praeger, with yours truly serving as referee. Read on for the skinny on the key points each side scored, and feel free to weigh in with your own views.
The pair debated for two hours at the kickoff session of the National Insurance Industry Convention & Expo, with the session sponsored by the National Association of Professional Surplus Lines Offices. (For my full news account of the debate, click here.)
Below I summarize the essential positions of each of the debaters, providing a few interesting tidbits to chew on as we prepare for round two of this debate, to be webcast by NU on Sept. 25.
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