More Insurers Favor Fed Regulation
Sunday, May 12th, 2002 Legislation & RegulationThe concept of federal regulation for the insurance marketplace appears to be making some inroads judging by an instant poll taken yesterday at an industry conference here. The survey was done at the National Council on Compensation Insurance annual meeting where participants were asked "Which do you favor—state regulation of insurance, federal regulation of insurance or some combination? Using keypads at their seats the audience registered a response showing that 19 percent favored federal regulation. The question when asked last year saw only 14 percent voting for federal regulation. The overwhelming majority, 54 percent, voted for state regulation—a decrease from last year‘s 62 percent. Twenty-seven percent voted for a combination of state and federal—up from 24 percent last year.
