Congressional Bond Hearing Underscores Need for Optional Federal Charter for Insurers

To: NATIONAL EDITORS

Contact: Dennis Kelly of the American Insurance Association, +1- 202-828-7494, dkelly@aiadc.org

WASHINGTON,Feb.14/PRNewswire-USNewswire/ -- A hearing today in the House Financial Services Subcommittee on Capital Markets, Insurance and Government-Sponsored Enterprises focused on bond insurance but also underscored the importance of all types of insurance to the broader U.S. economy, according to the American Insurance Association (AIA).

While the specific problems confronting the bond insurers may have been unique to that sector, their current situation underscores the ...

Read the rest of this article with a Free Trial at HighBeam Research.