Actuaries, Insurers Balk At Regulation
In an industry where the pace of change is generally slow, its unusual to hear anyone accuse insurance regulators of acting too quickly, but an insurer group and the public policy organization for actuaries are doing just that.
“We are concerned about the prospect that important changes will be made in haste without significant time to vent them by the users and the doers,” said Andrea Sweeny, who chairs the Committee on Property and Liability Financial Reporting (COPLFR) for the Washington-based American Academy of Actuaries.
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