NU Online News Service, Oct. 6, 11:55 p.m. EDT
The property and casualty insurance industry in general supports creating a Federal Office of Insurance, according to testimony yesterday before Congress on the industry's reaction to draft legislation that would create such an office, but some trade groups are at odds on its scope.
Trade groups representing large insurers as well as reinsurers voiced support for a strong agency with broad powers, while smaller insurers and independent agents asked that the scope of the agency be limited beyond that proposed in the legislation.
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
- Educational webcasts, resources from industry leaders, and informative newsletters.
- Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
