NU Online News Service, March 27, 3:34 p.m. EDT
Establishing a national regulator responsible for overseeing solvency and insurance pricing and products would help fix the "critical shortcomings" in the property-casualty insurance industry's current state-based regulatory structure, a consulting firm report argues.
The study titled, "Improving Property and Casualty Insurance Regulation in the United States," was produced by New York-based McKinsey & Company.
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