Fed role in insurance oversight a given
February 11, 2014 by Arthur D. Postal
A top official of the American Council of Life Insurers made clear to the House Financial Services Committee last week that life insurers acknowledge that federal regulators will be playing an increasing role in their lives, and that it is best for all concerned that everyone work together in order to get the job done at the lowest possible cost.
The comments by Gary Hughes, ACLI executive vice president and general counsel, put a surprising light on a hearing that was convened by the conservative majority to express disdain for any type of federal regulation.
He did voice concern with the Federal Reserve Board. Click here to read…