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Life insurance groups unite to support optional federal charter
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,...
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Kanjorski says Obama’s plan supplants optional federal charter
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...
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PIA president describes ‘nightmare’ reform scenarios
The president of the National Association of Professional Insurance Agents (PIA) is voicing his concern over efforts in Washington, D.C., to reform health care and state insurance regulation, likening...
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Agent groups weigh in on new national insurance office proposal
Two national insurance agents groups are commending the Obama Administration for the clarity of language included in new details of its proposed Office of National Insurance, although one of the groups...
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Kanjorski revamps bill calling for federal insurance office
Legislation aimed at creating a national insurance office has a new name, but the same proponent seeking to establish a federal insurance regulator. Paul Kanjorski Rep. Paul Kanjorski (D-Pa.) released...
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Insurance industry emotions mixed about Senate financial reform plan
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...
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Senate exempts independent agents from data collection mandate
A national independent insurance agents’ group is applauding a U.S. Senate panel for approving an amendment to financial reform legislation freeing its membership from onerous data collection. The...
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Dodd financial reform bill gives little ‘gift’ to insurance industry
As the Dodd financial reform bill (that’s S. 3217 for those in the know) awaits its final disposition on the Senate floor, it would do us well to reflect on what, if anything, it has to do with...
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Senate passes reform bill; states retain insurance regulation
The U.S. Senate’s passage of financial services reform May 20 has drawn the praise of two insurance industry trade groups, both pleased to see that senators deemed property-casualty insurance different...
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How to reform financial service reform
When Washington lobbyists were predicting that Sen. Chris Dodd’s retirement announcement spelled the end of financial services reform, I opined in an article I wrote for Captive Review that they were...
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