Questionable claims
Controversy erupts over regulators’ growing role in the insurance industry
AS HAPPENS with many fractious American relationships, the shotgun marriage of insurers and the federal government is headed for the courts. A former head of AIG, America’s biggest insurer before the financial crisis, is challenging the company’s nationalisation in 2008. Meanwhile MetLife, America’s biggest life insurer, is fighting regulators’ attempts to subject it to expensive and complicated new rules.
This article appeared in the Finance & economics section of the print edition under the headline “Questionable claims”
From the October 11th 2014 edition
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