State regulation of insurance is still the way to go, representatives from the
"For more than 150 years, states have successfully and effectively regulated the insurance industry," said Sen. Kemp Hannon (R-NY), co-chair of NCSLs Task Force to Streamline and Simplify Insurance Regulation. "Federal intervention at this point would introduce a host of unintended consequences."
Several other state regulator representatives spoke on a panel with Hannon, including Mike Pickens, insurance commissioner in Arkansas and president of the