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Insurers press for tightening of oversight

Wall Street Journal, May 21, 2010

Insurance-industry executives warned of possible widening efforts by professional investors to use products they sell to consumers, such as variable annuities, to turn a profit at the insurers' expense. Insurers maintained at a public hearing before the National Association of Insurance Commissioners, a group of state regulators, that without aggressive enforcement of current laws and regulations, the companies could be forced to raise prices to protect themselves from the investors' actions, the Wall Street Journal reports.