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 Gothic Architecture at the Metro
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Via Insurance Journal: Rep. Melissa Bean, D-Ill., and Rep. Ed Royce, R-Calif., introduced their bipartisan insurance regulation reform legislation called The National Insurance Consumer Protection Act (NICPA). The Act would create a robust federal regulator for insurance to act as an alternative to the antiquated, non-uniform system of state insurance regulators currently in operation, the legislators [...]
Seen in a Reuters story about Senate hearings regarding the Optional Federal Charter concept: "The insurance industry is very pragmatic in their selection of a preferred regulator; they always favor the least regulation." Comment made by Travis Plunkett, legislative director with the Consumer Federation of America Having just been through a wave of filings for a new countrywide [...]
This article at Insurance Journal caught my eye: The Professional Insurance Agents Association of Ohio (PIA) recently testified before the House Insurance Committee in support of a resolution for Ohio to formally oppose any “new layers of needless federal bureaucracy to insurance regulation.” Of course, I had to see that comment about an hour after I received [...] 
After the past couple of weeks, that the feds would want to be more actively involved in regulating industry should be no surprise. Seen in the Wall Street Journal (subscriber link): The U.S. Treasury Department has chosen sides in the fight over state versus federal insurance regulation, standing squarely in the corner of large insurers [...] |
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