US Congress urged to move on insurance reform
The pressure is on for US insurance regulatory reform to be brought in this year as part of a financial services package.
Treasury Secretary Timothy Geithner has asked Congress to move quickly and ignore critics who say too much is being attempted too soon.
The Obama administration unveiled its blueprint to reform US financial regulation earlier this year. The measures include the creation of an Office of National Insurance whose role would include representing the US in international insurance matters.
Treasury Secretary Timothy Geithner has asked Congress to move quickly and ignore critics who say too much is being attempted too soon.
The Obama administration unveiled its blueprint to reform US financial regulation earlier this year. The measures include the creation of an Office of National Insurance whose role would include representing the US in international insurance matters.