Insurance Industry Leaders Call for Oversight, Clarity on Insurance Issues
WASHINGTON – Congressional oversight will be vital to ensuring the state-based insurance regulatory system that has protected consumers for more than 150 years is not undermined by federal or international regulatory encroachment, according to key insurance industry leaders. Kurt Bock, CEO of the COUNTRY Financial group, testified before the Senate Banking Subcommittee on Securities, Insurance and Investment on behalf of the National Association of Mutual Insurance Companies (NAMIC) and the Property Casualty Insurers Association of America (PCI). He noted the U.S. insurance marketplace