On the recordApril 28, 2015
Absolutely. I think for all intents and purposes, if you look at insurance, the diversification of risk actually helps minimize systemic risk.
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congress.govKevin McCarty: “Absolutely. I think for all intents and purposes, if you look at insurance, the diversification of risk actually helps…”
Editor's note · Context
McCarty emphasizes the importance of risk diversification in minimizing systemic risk in insurance.
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It seems to me that much of the legislation and hearing activity in this committee results from the unintended consequences of previous laws.
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