Chicago — The National Association of Mutual Insurance Companies (NAMIC) is cautioning Congress to avoid disturbing the financial markets and regulatory systems that have “served consumers well.”
Today, the organization sent members of Congress and state insurance policymakers a report, written by Nat Shapo, former Illinois Director of Insurance, that analyzes the causes of the nation’s financial crisis and highlights structural and behavioral differences between the property/casualty insurance industry and other types of financial institutions.
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