As the Senate Banking Committee considers reform of the nation’s financial regulatory system, the American Insurance Association is seeking to amplify the distinctions between insurers and other financial services firms.
In letters to Senate Banking Committee Chairman Christopher Dodd (D-Conn.) and Ranking Member Richard Shelby (R.-Ala,), AIA president and CEO Leigh Ann Pusey said the AIA supported greater oversight of financial firms but noted that property/casualty insurers did not pose systemic risk during the recent crisis.
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