Thursday, May 14, 2009

 

Kanjorski Calls for Federal Oversight of Insurance

The chairman of an influential House subcommittee said the federal government, not the states, should have primary responsibility for overseeing the insurance industry.

Representative Paul Kanjorski, a Pennsylvania Democrat, said the need for mandatory federal regulation is illustrated by the current economic crisis and the $182.5 billion taxpayer bailout of American International Group Inc...

Bloomberg: Kanjorski Calls for Federal Oversight of Insurance

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