GARY G. MILLER: “When they don't use reasonable underwriting standards and do their job, they should bear the loss.”

NAFCU believes that any relief efforts should not bifurcate the industry by asset size and would not support such an approach.

I enjoyed your opening statement. You talked about empowering consumers, fair, transparent, and competitive marketplaces, and dealing with bad actors.

While I strongly believe in coordination among international regulators, we must resist the tendency of pursuing a one-size-fits-all approach.

It is essential that Congress fully understand the impact international regulatory standards will have on the competitiveness of U.S. insurers.