An Aon Corp. official speaking on behalf of a national brokerage group urged the Treasury Department last week to make use of the yet to be developed insurance component of the Troubled Asset Relief Program as a means of opening up tight U.S. credit markets.

“Such an approach would benefit taxpayers, financial institutions saddled with illiquid assets, and homeowners,” said D. Cameron Findlay, executive vice president and general counsel of Aon. Mr. Findlay testified on behalf of the Council of Insurance Agents and Brokers at an oversight hearing on the Emergency Economic Stabilization Act of 2008 held by the House Financial Services Committee.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.

INCLUDED IN A DIGITAL MEMBERSHIP:

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

PropertyCasualty360

Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2024 ALM Global, LLC. All Rights Reserved.