U.S. Senate Subcommittee to Hold State of the Insurance Industry Hearing July 29

The Senate Committee on Banking, Housing and Urban Affairs, chaired by U.S. Senator Chris Dodd (D-CT) will hold a hearing entitled “State of the Insurance Industry: Examining the Current Regulatory and Oversight Structure” on Tuesday, July 29, 2008, starting at 10:00 a.m. in Room 538 of the Dirksen Senate Office Building in Washington, D.C.

Industry and consumer experts will testify on the current state of U.S. insurance regulation and oversight.  The discussion is expected to include ways of promoting competition and efficiency in the U.S. insurance marketplace and suggestions on consumer protection enhancements. 

Witnesses scheduled to testify include:
 
Panel 1

• Honorable Steven M. Goldman, Commissioner, New Jersey Department of Banking and Insurance, on behalf of the National Association of Insurance Commissioners
• Mr. Travis B. Plunkett, Legislative Director, Consumer Federation of America
• Mr. Alessandro Iuppa, Senior Vice President, Zurich North America, on behalf of the American Insurance Association
• Mr. John L. Pearson, Chairman, President, and Chief Executive Officer, The Baltimore Life Insurance Company, on behalf of the American Council of Life Insurers

Panel 2

• Mr. George A. Steadman , President and Chief Operating Officer, Rutherfoord Inc., on behalf of the Council of Insurance Agents & Brokers
• Mr. Thomas Minkler, President, Clark-Mortenson Agency, Inc., on behalf of the Independent Insurance Agents & Brokers of America
• Mr. Franklin Nutter, President, Reinsurance Association of America
• Mr. Richard Bouhan, Executive Director, National Association of Professional Surplus Lines Offices

Should you have any questions or comments, please do not hesitate to contact Colodny Fass.

 

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