NU Online News Service, Sept. 2, 8:40 a.m. EDT
While insurance trade groups cite the flood-program extension as their top priority this legislative session, they also plan to push for differentiating insurers from banks in the eyes of lawmakers and regulators, among some other key industry issues.
Ben McKay, senior vice president of federal government relations for the Property Casualty Insurers Association of America (PCI), says PCI is "pleased" that the Financial Stability Oversight Council (FSOC) will re-propose its rule for designating non-bank financial institutions as systemically important.
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