NU Online News Service, Aug. 19, 3:38 p.m. EDT

SEATTLE–Two consumer advocates told insurance commissioners they would prefer to see regulation of insurance remain with the states, as opposed to a federal takeover.

Speaking before the National Association of Insurance Commissioners’ (NAIC) Regulatory Modernization Task Force at the NAIC’s summer meeting held here, Sonja Larkin-Thorne, an NAIC funded consumer representative, and Amy Bach, executive director of United Policyholders said they support a continuation of state regulation, but would like to see some changes in transparency.

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