Senate Democrats have unveiled a comprehensive financial reform bill, calling for “responsibility and accountability” in the financial sector through several provisions, including those affecting the insurance industry.

Thirteen insurance trade groups are urging Congress to exclude all lines of insurance from the Consumer Financial Protection Agency recently proposed by President Barack Obama and the U.S. Treasury Department.

Advocates …  Read →

Maryland Insurance Commissioner Ralph S. Tyler and other insurance industry officials testified before the U.S. House Financial Services Committee that insurance does not need additional consumer protection from the federal …  Read →

Pennsylvania Rep. Paul Kanjorski said that if the Obama Administration’s proposed Consumer Financial Protection Agency is passed, an optional federal insurance charter would be unnecessary.

Paul Kanjorski

“After this [is approved], …  Read →