House Committee Reviewing Insurance Information Act
The U.S. House of Representatives Financial Services Committee is currently reviewing H.R. 5840, the Insurance Information Act of 2008, which would establish a federal Office of Insurance Information within the Department of the Treasury. The bill was introduced in April by Rep. Paul E. Kanjorski (D – Pa.). The Office of Insurance Information (OII) would
Senate Banking Committee Reviews Insurance Regulation
The U.S. Senate Committee on Banking, Housing and Urban Affairs held a hearing on “The State of the Insurance Industry: Examining the Current Regulatory and Oversight Structure.” U.S. Sen. Tim Johnson (D-South Dakota) addressed the need for modernization of the insurance regulatory structure into an optional federal charter (OFC) to establish the United States as
Senate Banking Committee Reviews Insurance Regulation
The U.S. Senate Committee on Banking, Housing and Urban Affairs held a hearing on “The State of the Insurance Industry: Examining the Current Regulatory and Oversight Structure.” U.S. Sen. Tim Johnson (D-South Dakota) addressed the need for modernization of the insurance regulatory structure into an optional federal charter (OFC) to establish the United States as
Insurance Information Act Moves Forward
The Insurance Information Act of 2008, HR 5840, was recommended for passage by a U.S. House of Representatives subcommittee on Wednesday. The bill, introduced in April, would create a federal-level Office of Insurance Information within the Department of the Treasury that would provide legislators with expertise and guidance on insurance issues and recommend how the
Insurance Information Act Moves Forward
The Insurance Information Act of 2008, HR 5840, was recommended for passage by a U.S. House of Representatives subcommittee on Wednesday. The bill, introduced in April, would create a federal-level Office of Insurance Information within the Department of the Treasury that would provide legislators with expertise and guidance on insurance issues and recommend how the
Ohio Body Shops Warn of Federal Tax ID Theft
At least two Ohio body shops recently had their federal tax identification numbers stolen and are warning other shops to safeguard theirs. Dawn Hilty, owner of Wingate Body Shop in Findlay, Ohio, and vice president of the Ohio Body Shop Owners Association, says someone recently acquired her shop’s federal tax ID number and has been
Financial Service Subcommittee Considers Insurance Reform Proposals
The U.S. House Financial Service Subcommittee held Part III of its hearing on insurance regulation recently. The previous hearings were held in October 2007 and focused on the need for insurance regulatory reform. The purpose of the hearing was to consider a variety of state and federal proposals on insurance reform. Currently, there are two
Financial Service Subcommittee Considers Insurance Reform Proposals
The U.S. House Financial Service Subcommittee held Part III of its hearing on insurance regulation recently. The previous hearings were held in October 2007 and focused on the need for insurance regulatory reform. The purpose of the hearing was to consider a variety of state and federal proposals on insurance reform. Currently, there are two
Consumer Federation of America Study Reveals Insurers Raise Premiums After Not-At-Fault Accidents
Study reveals premiums can rise $300 or more for drivers rear-ended while safely stopped at a red light; price hikes prohibited in some states.
ASA Offers Early-Bird Registrants Chance to Win Free Hotel Stay for May ‘Taking the Hill’ Event
The Automotive Service Association (ASA) is offering a promotion to encourage attendance at its Annual Business Meeting and “Taking the Hill” Day May 9-11 in Washington, D.C. Register for the event by March 31, and you will be entered into a lottery for free hotel nights at the Gaylord National Resort and Convention Center, the