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 possible federal role in insurance regulation.

Responding to yesterday's introduction of the Insurance Information Act of 2008 (H.R. 5840), the American Insurance Association and the Council of Insurance Agents and Brokers voiced support, while the Independent Insurance Agents and Brokers of America said they would oppose it.

The bill would create a federal Office of Insurance Information within the Department of the Treasury to provide advice and expertise on insurance regulation to the executive branch and Congress.

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