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Insurers To FSOC: Leave Investment Oversight To States

Three insurance trade groups are telling federal regulators that insurance investment activities are far less risky than those of banks and should be left to state regulators to oversee.

By Arthur D. Postal | Updated on November 14, 2010

Three insurance trade groups are telling federal regulators that insurance investment activities are far less risky than those of banks and should be left to state regulators to oversee.

Comment letters by the American Insurance Association, the Property Casualty Insurers Association of America and the National Association of Mutual Insurance Companies were written in response to a request for comments by the new Financial Stability Oversight Council (FSOC).

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