NU Online News Service, June 9, 4:14 p.m. EDT
WASHINGTON–The Obama administration will propose putting large insurance companies under the control of a federal systemic risk regulator for the financial services system, and probably a U.S. insurance regulator as well, according to a draft document obtained by National Underwriter.
The plan, due for release next week, has been circulating on Capitol Hill today, several sources said.
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