NU Online News Service, May 18, 2:32 p.m. EDT
New York's chief regulator indicated he is not satisfied with insurers' answers about why force-placed-insurance rates are so high when losses continue to be low.
In his remarks this morning before the start of a second day of testimony, Benjamin M. Lawsky, superintendent of Financial Services for New York, said department officials had a “robust discussion with insurers” during yesterday afternoon's hearing.
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