Insurance News

Posts Tagged ‘federal

The House passed the wide-ranging Wall Street Reform and Consumer Protection Act of 2009, drawing an immediate and generally favorable reaction from one insurance trade group and a lukewarm response from another.

After the measure that would create a Federal Insurance Office was approved today on vote of 223 to 202, Charles M. Chamness, the National Association of Mutual Insurance Companies president and CEO, said the bill respected the Read the rest of this entry »

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The House passed the wide-ranging Wall Street Reform and Consumer Protection Act of 2009, drawing an immediate and generally favorable reaction from one insurance trade group and a lukewarm response from another.

After the measure that would create a Federal Insurance Office was approved today on vote of 223 to 202, Charles M. Chamness, the National Association of Mutual Insurance Companies president and CEO, said the bill respected the Read the rest of this entry »

WASHINGTON—The issue of federal insurance regulation no longer can be swept “under the rug,” an influential congressman said during a Tuesday hearing on Capitol Hill.

Noting that the Obama administration is expected to unveil its plan to enhance government oversight of financial markets on Wednesday, “it also appears likely that we will soon consider reforms aimed at mitigating systemic risk,” Rep. Paul E. Kanjorski, D-Pa., chairman Read the rest of this entry »

WASHINGTON ? The National Association of Mutual Insurance Companies (NAMIC) voiced its opposition to new legislation creating a federal Office of National Insurance introduced today by Reps. Melissa Bean, D-Ill., and Ed Royce, R-Calif.

The proposal would create within the U.S. Treasury Department an ONI with the authority to organize, incorporate, operate, regulate, and supervise national insurers, agencies, and producers. This new office Read the rest of this entry »

The U.S. insurance industry should be subject to federal regulation, the chief executive of Allstate Corp (ALL.N: Quote, Profile, Research, Stock Buzz), the nation’s largest publicly traded home and auto insurer, said on Wednesday.

Tom Wilson told the U.S. Chamber of Commerce that the insurance industry, which is currently regulated by the states, should be put in a similar pool of regulation as other large financial firms.

“Every Read the rest of this entry »

The U.S. insurance industry should be subject to federal regulation, the chief executive of Allstate Corp (ALL.N: Quote, Profile, Research, Stock Buzz), the nation’s largest publicly traded home and auto insurer, said on Wednesday.

Tom Wilson told the U.S. Chamber of Commerce that the insurance industry, which is currently regulated by the states, should be put in a similar pool of regulation as other large financial firms.

“Every Read the rest of this entry »

The U.S. insurance industry should be subject to federal regulation, the chief executive of Allstate Corp (ALL.N: Quote, Profile, Research, Stock Buzz), the nation’s largest publicly traded home and auto insurer, said on Wednesday.

Tom Wilson told the U.S. Chamber of Commerce that the insurance industry, which is currently regulated by the states, should be put in a similar pool of regulation as other large financial firms.

“Every Read the rest of this entry »