Washington
Thanks to changes supported by carriers and agents, mostindustry groups are now satisfied with legislation creating aFederal Insurance Office within the Treasury Department that waspassed last week by the House Financial Services Committee,although some insurers are concerned the bill has been watered downtoo much.
The same committee last week also approved a bill givingWashington broad authority to deal with troubled financialinstitutions, including insurers, which are deemed to pose asystemic risk to the economy.
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