Insurers can expect more federal oversight, Calif. lawmaker says

01/25/2012 | Insurance Journal

The federal government is likely to increase its involvement in regulating the insurance industry, California state Sen. Juan Vargas said. "The world has changed because of the federal government's involvement more and more in insurance," Vargas said. "... More and more you're finding individuals who make decisions who don't know about insurance," he said, adding that "the government's getting more involved in state issues."

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