Property/casualty insurers are objecting to provisions contained within regulatory reform legislation authored by Senate Banking Committee Chairman Christopher Dodd (D.-Conn.)
Foremost among the objections to the Restoring American Financial Stability Act of 2010 are concerns about funding to bailout failing financial institutions. In a letter to Dodd and Sen. Richard Shelby (R.- Ala.), the Property/Casualty Leaders Coalition said insurers should not be asked to pay for the risky activity of highly leveraged and less-regulated financial entities.
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