Washington--The insurance industry came under fire Thursday as a congressional subcommittee debated whether it needs to pass legislation to stop so-called "title washing" of cars damaged by Hurricane Katrina.

In fact, one witness suggested creation of a new database to ensure that the information necessary to end the practice is promptly available, and suggested that the "private sector"--probably the insurance industry--be made to pay for it.

The issue came up at a hearing before the Subcommittee on Commerce, Trade and Consumer Protection of the House Energy and Commerce Committee.

Recommended For You

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:

  • Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
NOT FOR REPRINT

© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more inforrmation visit Asset & Logo Licensing.