NU Online News Service, May 16, 3:09 p.m. EDT
A member of the Senate Banking Committee wants to make clear that he is concerned with how a new federal agency treats mutual insurers that could be declared systemic risks.
Seeking to clarify his position from a hearing Thursday, a representative of Sen. Sherrod Brown, D-Ohio, told National Underwriter that the senator wants to make clear that he is concerned about mutual insurance companies being appropriately designated as systemically significant.
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