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Transcripts For CSPAN2 Hearing On Insurance Industry Practices 20220909

Its. American Insurance Companies regulation it is historic and it ensures local markets and needs are taken into consideration. The naic coordinates state commissioners to identify risks. Congress created the federal sherbet two promote national coordination. I am pleased to have the mariner maryland commissioner on behalf of on the naic and darrell sykes if we are going to keep hard earned money safe, blockade specializing in Life Insurance and owned by the private equity firm. Overnight, Lockheed Martin employed retirees and notified their pensions would be managed by a fee. Many employees are very nervous about that. One example of private equity giants expansion into peoples pension. We note workers and up worse off when wall street private equity firms get involved. We have seen it over and over. I asked naic and f ill look into private equities and expansion into similar pension risk. We need to understand the risks to workers. Naic and f i provided letters. Fio has done similar

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