NU Online News Service, MAY 11, 11:30 a.m. EDT
ORLANDO, FLA.–If Bernard Madoff had been under the jurisdiction of insurance regulators, he would have been caught sooner, a National Association of Insurance Commissioners official said here.
Therese Vaughan, NAIC chief executive officer, made that claim in an appearance Friday at the National Council on Compensation Insurance Annual Issues Symposium, where she argued the case for continued state regulation of insurance.
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