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President Proposes Federal Insurance Office

June 19, 2009

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It has been reported that President Obama will propose that a new office be created in the Treasury Department to monitor all aspects of the insurance industry and determine risks that could lead to future financial crises. The new office, The Office of National Insurance, would attempt to coordinate policy, but would not be a direct regulator.
<a href="http://www.insurancejournal.com/news/national/2009/06/17/101458.htm">http://www.insurancejournal.com/news/national/2009/06/17/101458.htm</a>

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