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Congress Should Preserve State Insurance Regulation That Kept Insurers Stable While Financial Firms Crumbled Under Federal Oversight, Says Consumer Watchdog
March 17, 2009Congress should reject any proposal that would deregulate insurance or otherwise override state insurance laws that have successfully protected consumers during the current economic crisis, said the nonprofit Consumer Watchdog today in advance of an insurance hearing in the U.S. Senate Committee on Banking, Housing and Urban Affairs. Full release.