The chairman of a key House Financial Services panel last night unveiled draft legislation creating a federal insurance regulatory office that tracks with minor omissions legislation submitted to Congress by the Obama administration.
Legislation to impose some federal regulation on insurers and create a federal insurance charter mechanism has been introduced by two House members who said the American International Group meltdown underscores the need for their measure.
The ranking minority member of the Senate Banking Committee signaled today that plans for a general overhaul of financial services regulation should involve considering federal insurance industry oversight.
An influential group of financial services executives is proposing creation of an omnibus federal financial regulator, whose jurisdiction would include property-casualty and life insurers, as well as
An influential group of financial services executives is proposing creation of an omnibus federal financial regulator with a jurisdiction including life and property-casualty insurers as well as
Insurance regulation and the federal government probably never entered your mind at the same time, but you may need to change the way you think. Currently, each state regulates rates, agent and
A top U.S. Treasury official made clear that establishing an Office of Insurance Information within his department is merely an interim step, and that the Bush administration's "intermediate"
WASHINGTON--A top Treasury Department official made clear yesterday that establishing an Office of Insurance Information within the Treasury Department is merely an interim step, and that the Bush admi
A House bill to create a Treasury Department agency that would provide insurance expertise for government officials is highlighting a conflict between property-casualty insurers and agents over a poss
The discussion is expected to center around three specific legislative proposals. One is a bill introduced in the Senate by Sens. John Sununu, R-N.H., and Tim Johnson, D-S.D., that would establish an