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Congress gets a taste of the industry's huge divide on federal regulation.(Top Stories Of The Week)
- Article from:
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National Underwriter Life & Health-Financial ServicesEdition
- Article date:
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July 19, 2004
- Author:
- Postal, Arthur D.
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Copyright informationCOPYRIGHT 2004 The National Underwriter Company. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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AS THE SENATE BANKING Committee expressed new interest in the competitiveness and regulation of the insurance industry, testimony last week before the committee illustrates the huge divide within the industry as to what should be done to make it more competitive.
For example, in its testimony, the Independent Insurance Agents and Brokers of America said Congress can play a "vital role" in reforming the state insurance regulatory system, but that role should be "targeted and limited." On the other hand, a representative of the Financial Services Roundtable, an umbrella group whose members come from all segments of the financial services, used the occasion to voice support ...
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Fast track seen for fin. services bill. (liberalized financial services...
National Underwriter Property & Casualty-Risk & Benefits Management;
March 24, 1997 ;
Connolly, Jim;
787 words
......legislation initiating sweeping financial services modernization that could...on the House Banking and Financial Services Committee as well as the...of April, three pending financial services bills and a change in dynamics...explained. For instance, in a financial ...
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Regulators get inside buzz on fin'l services. (Spring 1997 National...
National Underwriter Life & Health-Financial Services Edition;
March 24, 1997 ;
Connolly, Jim;
787 words
......posing sweeping financial services modernization that...House n Banking and financial Services Committee as well...three pending financial services bills; and a change...For example, in a financial services bill introduced...for regulating a financial ...
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Home run needed on financial services reform.(Column)
National Underwriter Property & Casualty-Risk & Benefits Management;
May 26, 1997 ;
Forrester, Larry;
787 words
......status of state insurance laws, are...shield of financial services reform to...formed a Financial Services Task Force...report on financial services reform which...tenets for financial services reform...integrity of the state insurance ...
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State Regulators, Industry Split On H.R. 10.(financial services reform,...
National Underwriter Property & Casualty-Risk & Benefits Management;
June 29, 1998 ;
Connolly, Jim;
787 words
......amp; HEALTH/FINANCIAL SERVICES EDITION...approach to financial services modernization...agreement that state insurance regulators...changing financial services environment...preemption of state insurance regulation...with other financial ...
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Panel: slim chance for '97 fin'l svcs. reform.(financial services...
National Underwriter Life & Health-Financial Services Edition;
May 12, 1997 ;
Lonkevich, Dan;
621 words
......possibility of passing financial services reform legislation...the prospects of financial services reform in the remaining...playing field of the financial services market. But panelists...main obstacle to financial services modernization is...the NAIC and the ...
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State Insurance Regulators Get No Respect From Feds.
National Underwriter Property & Casualty-Risk & Benefits Management;
February 22, 1999 ;
787 words
......debate over financial services modernization...institution of state insurance regulation...R. 10--the financial services reform bill...everything system of financial services regulation...the status of state insurance regulators...of a major ...
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Slim chance seen for fin'l services reform. (financial services industry...
National Underwriter Property & Casualty-Risk & Benefits Management;
May 12, 1997 ;
Lonkevich, Dan;
787 words
......of passing financial services reform legislation...prospects of financial services reform in...field of the financial services market. But...obstacle to financial services modernization...NAIC and the state insurance departments...overzealous state ...
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FINANCIAL SERVICES ACT OF 1999:GEORGE NICHOLS III
Congressional Testimony;
May 5, 1999 ;
787 words
......Committee on Financial Services Modernization...HR 10 and Financial Services Modernization...Committee on Financial Services Modernization...to assist State insurance regulators...HR 10 and financial services modernization...modernizing financial ...
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Fraud Database Bill Clears Hurdle.(H.R. 1408 on financial services...
National Underwriter Property & Casualty-Risk & Benefits Management;
July 2, 2001 ;
Brostoff, Steven;
115 words
...Legislation aimed at enhancing the fight against financial services fraud passed the U.S. House Financial Services Committee by a voice vote last week. H.R. 1408...antifraud database that would be available to state insurance commissioners and other state and federal financial ...
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Senate Democratic Bank Bill Spurs Optimism.(Financial Services Act of...
National Underwriter Property & Casualty-Risk & Benefits Management;
April 5, 1999 ;
FISHER, MARY JANE;
623 words
......introduction of a financial services modernization...introduced the Financial Services Act of 1999...generally gives financial services firms the choice...regulated by state insurance commissioners...disputes with state insurance regulators, she...to ...
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Financial services integration gets green light.
Business Insurance;
December 20, 1999 ;
Zolkos, Rodd;
751 words
......of landmark financial services modernization...Gramm-Leach-Bliley Financial Services Modernization...s business. Financial services integration...move toward financial services integration...conflicts between state insurance regulators and...new law. The ...
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NAIC launches counterattack on feds.(National Association of Insurance...
National Underwriter Property & Casualty-Risk & Benefits Management;
June 16, 1997 ;
Connolly, Jim;
787 words
......precipitated by financial services modernization...Banking and Financial Services, and to Treasury...regulator for financial services industries as financial services modernization...support of state insurance regulation...Council on Financial ...
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Dems Say Financial Services Fraud Bill Needs More Work.(Democratic...
National Underwriter Life & Health-Financial Services Edition;
May 28, 2001 ;
Brostoff, Steven;
411 words
......averting fraud in the financial services industry. In a letter to House Financial Services Committee Chairman Mike...ranking Democrat on the Financial Services Committee; Rep. John...would be available to all financial services regulators. The goal...holding anyone in ...
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Fin. services reform bill on indefinite hold. (financial services)
National Underwriter Property & Casualty-Risk & Benefits Management;
September 29, 1997 ;
Brostoff, Steven;
737 words
...Financial services reform legislation...industry and other financial services sectors. House...insurance sales to state insurance and consumer protection...true functional state insurance regulation. To...necessary approach to financial services reform, he ...
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Blazing a path to the 21st century's financial services market for...
Rough Notes;
January 1, 1997 ;
Rusbuldt, Robert A;
787 words
......21st CENTURY'S FINANCIAL SERVICES MARKET FOR INDEPENDENT...that endorses financial services affiliations legislation...affiliations within the financial services industry? One...agenda has led to financial services reform through...the burgeoning financial ...
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