Unity sought by Congress on fed. regs. (federal regulation of the insurance industry)

National Underwriter Property & Casualty-Risk & Benefits Management, October, 1992 by Gilbert, Evelyn

SAN FRANCISCO - The split within the industry on the merits of federal regulation will make it difficult for Congress to make a decision on this controversial issue, according to Mary Moore Hamrick, minority counsel to the House Committee on Energy and Commerce. "Congress tends to react in two modes.

It either reacts to a crisis or reacts to a group that comes together and says we really want you to bless this legislation and pass it," said Ms. Hamrick, speaking at the recent annual meeting of the Society of Chartered Property and Casualty Underwriters. "What you see here is neither one of these two situations, which makes it very difficult for a Congressman who hears from these different constituencies, you ought to do it at the state level and you ought to...

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