Without a single dissenting vote, the U.S. House of Representatives passed legislation last week providing a blueprint for streamlined regulation of the surplus lines and reinsurance industries. The roll-call vote was 417-0.

Rep. Michael Oxley, R-Ohio, chairman of the House Financial Services Committee, called the result “an historic moment in the evolution of insurance regulatory reform efforts.” Passage came as the House pulled out all the stops to finish necessary work as lawmakers prepare to recess to return home and campaign for reelection.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.


  • 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?



Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2023 ALM Global, LLC. All Rights Reserved.