Congressmen Ask Geithner For Insurance Oversight

Law360, New York (January 23, 2009, 12:00 AM EST) -- Members of the House Financial Services Committee have asked U.S. Secretary of the Treasury-designate Timothy F. Geithner to establish an office that would provide national insurance oversight.

Representatives Melissa Bean D-Ill.; Andre Carson, D-Ind.; Michael Castle, R-Del.; John Campbell, R-Calif.; Ed Royce, R-Calif.; Dennis Moore, D-Kan.; and John Adler, D-N.J., sent a letter to Geithner on Friday, calling on the newly-appointed secretary to establish a division of the Treasury dedicated entirely to insurance matters.

“The events of the past several months have reinforced the widely-held belief...
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