WASHINGTON–Sen. Chris Dodd, D-Conn., the Senate Banking Committee chairman, said Congress might manage to push through legislation this year to reform regulation of surplus insurance lines and create an Office of Insurance Information.
But, since neither the surplus lines nor the Office of Insurance Information bills have been acted on by the committee, a lobbyist source noted that lawmakers, "will only have a couple of weeks to put together such a deal."
Sen. Dodd made his comments during a hearing on insurance regulation during which he voiced surprise at such industry interest in legislation providing a federal insurance regulatory role.
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
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
