Prospects are growing for the creation of a national insurance fund to bail out policyholders of failed life and property-casualty insurers, according to Changing Times, the Kip-linger Magazine.
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Rep. John Dingell (D.-Mich.), chairman of the House Committee on Energy and Commerce, state regulators and some industry heads now think the patchwork of state "guaranty associations" couldn't cope with the collapse of a multistate insurer. One possible solution: a national bail-out pool under multistate or federal supervision.