Regulation/Legislation

The federal government should help regulate the insurance industry, a consumer group representative and a law professor urged a U.S. Senate panel last week.

The Florida Office of Insurance Regulation (OIR) has signed separate Memorandums of Understanding with the German Bundesanstalt f?r Finanzdienstleistungsaufsicht (BaFin) and the the United Kingdom's Financial Services Authority.

The House Energy and Commerce Committee was preparing at press time on Friday to approve health care reform legislation, a move that would send the House version of the historic legislation to the House floor for a vote in September.

While acting New York State Insurance Commissioner Kermitt Brooks has hailed the passage of health insurance bills in the state, one advocacy association called them "exactly the wrong approach."

Sen. Chris Dodd, D-Conn., the powerful chairman of the Senate Banking Committee, announced today he has prostate cancer and will have surgery during the August congressional recess.

The House hopes to hold hearings this fall on flood insurance issues and will seek to persuade the Senate to add wind coverage and other provisions to the National Flood Insurance Program.