US opposition to ComFrame intensifies

Industry body claims global standards clash with domestic legislation

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US insurance associations are stepping up their opposition to plans under way to develop global capital standards for internationally active insurance groups (IAIGs) out of concerns they conflict with domestic legislation.

The Property Casualty Insurers Association of America (PCI), an industry association, urged US policy-makers to "ask important questions" regarding the impact that capital standards under development by the International Association of Insurance Supervisors (IAIS) will have on