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Paul Bock

HUD rulemaking, capital requirements dominate federal insurance panel at Florida Chamber summit

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It’s no fun when the federal government gets involved in setting insurance rates, a panel of experts told the crowd at the Florida Chamber of Commerce’s annual Insurance Summit – and it’s even worse when international authorities get involved. John Fitts, deputy general counsel for Progressive’s Legislative & Regulatory Affairs department, likened the possible entry of the federal Department of Housing and Urban Development (HUD) into the insurance environment as a rule-making authority to the Asian carp, an invasive species…

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