U.S. House Financial Services Subcommittee to Hold July 2 Florida Field Hearing On Homeowners’ Insurance Affordability, Availability
Jun 26, 2009
The U.S. House Financial Services Oversight and Investigations Subcommittee will hold a field hearing next week in West Palm Beach, Florida, entitled “The Homeowners’ Insurance Crisis: Solutions for Homeowners, Communities and Taxpayers.” The hearing, in which U.S. Representative Ron Klein is scheduled to participate, will be on Thursday, July 2, 2009 at 10:00 a.m. in the Commission Chambers, City Center, 401 Clematis Street, West Palm Beach.
More information about the hearing, including a witness list and prepared testimony, will be provided as it becomes available. A live webcast of the hearing also will be available. A member of Colodny Fass will attend the hearing and provide a report on the proceedings.
A U.S. House Financial Services Committee press release on the hearing is reprinted below.
Should you have any questions or comments, please contact Colodny Fass.
Financial Services Subcommittee to Hold Florida Field Hearing
Hearing to focus on the availability and affordability of homeowners’ insurance
Washington, DC – House Financial Services Oversight and Investigations Subcommittee Chairman Dennis Moore (D-KS) announced Thursday that the subcommittee will hold a field hearing in West Palm Beach, Florida, titled “The Homeowners’ Insurance Crisis: Solutions for Homeowners, Communities and Taxpayers,” to review the crisis related to the availability and affordability of homeowners’ insurance around the country.
Congressman Ron Klein, who represents Florida’s 22nd District and is a member of the Oversight and Investigations Subcommittee, will also be participating in the hearing. Klein has long been a leading advocate for efforts to strengthen and improve insurance regulations so that we can temper the storm of rising insurance rates and policy cancellations for homeowners.
The subcommittee will examine insurance industry coverage of catastrophic natural disasters, the withdrawal of insurance companies from offering policies in coastal areas, rising homeowners’ insurance premiums and the resulting economic impact on state and local governments, as well as possible solutions to the homeowners’ insurance crisis.
WHO: House Financial Services Oversight and Investigations Subcommittee
WHAT: Hearing: “The Homeowners’ Insurance Crisis: Solutions for Homeowners, Communities, and Taxpayers”
WHEN: July 2, 2009 at 10:00 a.m.
WHERE: Commission Chambers, City Center, 401 Clematis Street, West Palm Beach, FL 33401
Witnesses will be announced at a later date.
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