Taking a cue from the Bush administration, a key House lawmaker last week introduced legislation that would create an interim federal insurance office within the Treasury Department, with backers and detractors alike seeing it as most likely the first step toward establishing an optional federal charter.

Rep. Paul Kanjorski, D-Pa., chair of the Capital Markets Subcommittee of the House Financial Services Committee, introduced H.R. 5840, the Insurance Information Act of 2008, creating an Office of Insurance Information within Treasury a day after holding a hearing on “Examining Proposals to Reform Insurance Regulation.” (The bill had not been named or numbered as this story went to press.)

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 © 2022 ALM Global, LLC. All Rights Reserved.