NAIC and AIA Back at Loggerheads over OII

The American Insurance Association (AIA) and the National Association of Insurance Commissioners (NAIC) are squaring off again over the issue of federalizing insurance regulation in the wake of the Federal Reserve's agreement to provide an $85 billion loan to bail out the world's largest insurer.NAIC President and Kansas Insurance Commissioner Sandy Praeger has criticized AIA and the American Council of Life Insurers for linking the near failure of American International Group (AIG) with the push to create a federal insurance regulatory entity.AIA, meanwhile, is calling on Treasury Sec...