NU Online News Service, Jan. 19, 3:10 p.m. EST
The president of the National Association of Mutual Insurance Companies says the "Volcker rule" contains "ambiguities" that could potentially inappropriately impact property and casualty insurers that have banks or thrifts.
Charles Chamness, NAMIC president/CEO, says in a statement that the law the rule implements provides for a statutory exemption for an insurance company acting on behalf of its general account.
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