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Obama Reg Reform To Include Insurers

The Obama administration will propose putting large insurance companies under the control of a federal, systemic risk supervisor for the financial system, and probably a U.S. insurance regulator as well...

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The Obama administration will propose putting large insurance companies under the control of a federal, systemic risk supervisor for the financial system, and probably a U.S. insurance regulator as well, according to a draft document obtained by National Underwriter.

The plan, due for release this week, has been circulating on Capitol Hill, several sources confirmed.

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