Insurance companies ask for more time

Insurance companies are asking President Obama and his administration to slow down with their up and coming decision on if the industry, along with non-banking financial companies, warrant further scrutiny. The administration is eyeballing the market as being deemed as a potential risk to the financial standing of the country, along with banks, and should be put to higher standards in hopes to avoid the same financial meltdown of 2008. According to the insurance industry, they would like the Treasury Department to hold the finalization of these rules and wait for…

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