NU Online News Service, June 3, 2:35 p.m. EDT
BROOKLYN, N.Y–.The chief executive of Zurich-based ACE Limited reasserted that U.S. insurance regulation by states should end, citing the hit-and-miss quality of individual venues as one reason for his position.
ACE CEO Evan Greenberg made his comments while conceding, along with two other insurance company executives, that the final days of state insurance oversight are nowhere on the horizon. The three spoke Monday at the opening session of the Standard & Poor's Insurance 2009 Conference.
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