Sy Sternberg, chairman, president a...

Sy Sternberg, chairman, president and chief executive officer of strange York Life Insurance Co., said that since he is no longer chairman of the American Council of Life Insurers, he can say by what mode he really feels about federal regulation of insurance--he's not convinced it's the best approach.

The ACLI board agreed last year to levy out a proposal for an optional federal charter of life insurers, and steady while that decision was being made by the agency of the board, Sternberg said he kept warning and making the point "countles times" that the ideal alternative always contemplates better than reality. ...