New NAIC president calls for repeal of Sifi rules

The newly elected president of the US National Association of
Insurance Commissioners (NAIC) said he would campaign for a repeal
of the systemically important financial institutions (Sifi) regime,
which enforces tighter regulation for businesses deemed "too
big to fail".
AM Best's news service reported that Ted Nickel, NAIC
president and Wisconsin insurance commissioner, told a forum that
size was not a measure of an insurer's risk.
Nickel said he would campaign for the repeal of the Financial
S