The U.S. Securities and Exchange Commission is investigating more cases resulting from the financial crisis, according to its chairwoman, who said the Dodd-Frank financial services reform bill passed this week will help.

The organization representing the states’ insurance commissioners encouraged Congress to supplement, not replace, the state-based, coordinated system of oversight of financial markets.

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 →

Five of the nation’s largest organizations representing the life insurance industry are voicing their support for optional federal insurance regulation to legislators.

In a statement issued June 15, the American Council …  Read →

Insurance companies, including auto, home, business and life insurers, contributed more than $35.7 million to members of Congress over the last two election cycles, with an emphasis on those involved …  Read →

Rep. Paul Kanjorski (D-Pa.) said federal regulation of insurance “is going to happen.”

Paul Kanjorski

The leading Democrat on the House Financial Services Committee made the comment in a speech at …  Read →