Treasury Department studies insurer finances, regulation.

National Underwriter Property & Casualty-Risk & Benefits Management, February, 1991 by Brostoff, Steven

Treasury Department Studies Insurer Finances, Regulation WASHINGTON--The Treasury Department has launched a study of the financial condition and oversight of the insurance industry. The department, which had been asked by Senate Banking Committee Chairman Donald W. Riegle Jr. to conduct such a probe, said in a letter to the senator that it already had an investigation in progress.

"I share your concerns that the continued health and competitiveness of the insurance sector are important to the overall strength of America's financial services industry and our nation's economy," Treasury Secretary Nicholas F. Brady said in a letter to Sen. Riegle. "In light of these concerns, the administration has undertaken a review of federal law as it relates to the...

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