New York Gov. Eliot Spitzer urged Congress not to rush to create a federal insurance regulator just because state oversight of the bond insurance industry is under intense scrutiny.
Gov. Spitzer made his comments at a packed hearing on the state of the bond insurance industry held by the Capital Markets Subcommittee of the House Financial Services Committee.
Gov. Spitzer made his remarks in response to comments in an article published earlier in the week in a Capitol Hill newspaper by Rep. Paul Kanjorski, D-Pa., chair of the subcommittee.
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
Already have an account? Sign In Now
© 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.
