SABIR-rattling at the NAIC and beyond
April 16, 2013 by Elizabeth D. Festa
CEO Nelson and members, group ready to ‘fight’ for state regulation
April 8, 2013 •
NAIC CEO Ben Nelson and a group that says it is poised to defend state regulation spoke in robust battle rhetoric Monday at a reception, upping the rhetoric against federal insurance supervision while at an event where participants made a call to arms, of sorts, against federal encroachment.
The target – “excessive federal regulation” – is in the form of the Patient Protection and Affordable Care Act (PPACA) and the Federal Insurance Office (FIO), according to the group’s literature and dialogue with reporters, which Nelson echoed in his statements. Left unmentioned is the Federal Reserve Board, which is already regulating some insurers of all sizes because they have thrifts, and may regulate more under Dodd-Frank parameters. Click here to read more…