NU Online News Service, Nov. 18, 2:45 p.m.EST

WASHINGTON–Property and casualty and life insurers havewritten lawmakers objecting to language in legislation givingfederal regulators oversight of insurance holding companies theybelieve pose a systemic risk to the financial system.

The letters were sent to all members of the House FinancialServices Committee, which is currently marking up the bill, theFinancial Stability Improvement Act of 2009.

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