NU Online News Service, Nov. 18, 2:45 p.m. EST
WASHINGTON–Property and casualty and life insurers have written lawmakers objecting to language in legislation giving federal regulators oversight of insurance holding companies they believe pose a systemic risk to the financial system.
The letters were sent to all members of the House Financial Services Committee, which is currently marking up the bill, the Financial Stability Improvement Act of 2009.
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