Insurers Urge House Panel To Ease Dodd-Frank Regulation

Law360, New York (November 16, 2011, 2:43 PM EST) -- Insurance industry representatives testifying before a House subcommittee Wednesday supported proposed amendments to the Dodd-Frank financial reform law that they said would lessen their regulatory burden, while a law professor argued the amendments would result in too little oversight.

At a hearing of the Subcommittee on Insurance, Housing and Community Opportunity, executives from a pair of insurance industry groups backed three discussion drafts of proposed amendments to provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act that would impact insurers, contending that the current...
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