State regulators are being urged by an insurance industry group to coordinate their investigations of insurance companies rather than simply piling on one after another.
The suggestion came in a letter from the American Insurance Association (AIA) to Pennsylvania Insurance commissioner Diane Koken, who is also the president of the National Association of Insurance Commissioners.
AIA called on the NAIC to establish guidelines for multiple state investigations of a company. It suggested that it put one state's regulator in a lead role for the investigation.
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