NU Online News Service, July 2, 1:26 p.m. EDT

WASHINGTON–An insurance industry official told a congressional panel that lawmakers must be careful to ensure any expanded federal insurance does not artificially suppress rates or crowd out private carriers.

The remarks from Robert Detlefsen, vice president of public policy for the National Association of Mutual Insurance Companies, were made today at a session on catastrophe insurance issues held by the Oversight and Investigations Subcommittee of the House Financial Services Committee, in Palm Beach, Fla.

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