At the hearing, members of Congress, including three representatives from Florida and Rep. Gene Taylor, D-Miss., appeared as witnesses to describe insurance problems facing homeowners along the Gulf
"I'm concerned about what may be gross mismanagement of the State Compensation Insurance Fund," said State Sen. Michael Machado, D-Linden, chairman of the Senate Banking, Finance and Insurance Committ
Noting that the lack of capacity for catastrophe risk resembles the market for terrorism coverage after the Sept. 11 attacks, House Financial Services Committee Chairman Barney Frank, D-Mass.,
"It is clear that the government has to step in," Rep. Frank said at a press conference on Capitol Hill. Although the private market is the preferred option of lawmakers, he said the circumstances of
WASHINGTON--The American Insurance Association said it is supporting legislation to update the workers' compensation system for maritime workers, which it calls the nation's most expensive comp program
WASHINGTON--The American Insurance Association said it is supporting legislation to update the workers' compensation system for maritime workers, which it calls the nation's most expensive comp program
Supporters of a federal insurance regulator should start considering what kind of price they are willing to pay for the option in terms of greater consumer protections, the chairman of the House