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Critics: Public Loses Under Fed Charter

Consumers will be the big losers under an optional federal charter regime for insurers, according to critics speaking at the National Conference of Insurance Legislators summer meeting Saturday in Bos

By Steven Tuckey | Updated on July 24, 2006

Consumers will be the big losers under an optional federal charter regime for insurers, according to critics speaking at the National Conference of Insurance Legislators summer meeting Saturday in Boston.

J. Robert Hunter, former Texas insurance commissioner and currently insurance director for the Consumer Federation of America, told a forum on the topic that “state regulation itself is pretty weak, but there are some states that are doing a pretty good job, most notably California.”

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