NU Online News Service, March 27, 3:40 p.m. EDT

WASHINGTON–Treasury Secretary Timothy Geithner’s cautious statements of support for an optional federal charter for insurers is provoking reactions pro and con from property-casualty insurance company trade groups.

At the same time, another p-c trade group noted that it was “particularly concerned” about a provision in proposed legislation that would establish a federal authority to take action on troubled insurance companies big enough to have systemic impact.

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