Insurers Press for Tightening of Oversight

May 20, 2010

Insurance-industry executives are urging state regulators to thwart what they call widening efforts by professional investors to use various consumer products to turn a profit. Insurers maintain that without aggressive enforcement of current laws and regulations that apply to insurance and annuity sales, and possibly some new rules, the firms would be forced to raise prices to protect themselves. (Wall Street Journal