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Insurer appeals regulatory label, enters uncharted legal realm

Jul 04, 2013 - The Washington Post

Prudential Financial has a fight on its hands that could alter the course of government regulation of large nonbank companies.

The insurance giant entered uncharted legal territory earlier this week when it appealed the government's decision to subject the firm to stricter supervision. There is no precedent for the challenge because Prudential is one of the first companies that regulators have designated as a systemically important financial institution, or SIFI, a label that would place ...