NU Online News Service, Feb. 25, 2:27 p.m. EST
The Property Casualty Insurers Association of America is urging the Financial Stability Oversight Council to establish precise methodology for evaluating whether an insurer is systemically risky and should be subjected to federal oversight.
In a comment letter submitted to the FSOC today, PCI officials said it "is critical" that an appropriate methodology be established for measuring systemic risk.
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