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D.C. Benefits & Risks

by Jerry Geisel & Mark A. Hofmann
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A brief programming note

Looks like the House Financial Services Committee won't be taking up legislation that would create a Federal Insurance Office until Thursday. The matter has been on the table for weeks, but keeps getting pushed back as lawmakers wrangle over a broader systemic risk bill. Thursday's also the day ...MORE

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A move in the right direction

The financial services regulatory reform bill unveiled the other day by Senate Banking Committee Chairman Chris Dodd, D-Conn., seems to pretty much cover the waterfront in terms of its subject. After all, this discussion draft runs an almost unbelievable 1,136 pages. Given that size of this ...MORE

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What a difference a week makes

Having been in a different time zone from Washington for several days, I didn't know what to expect when I returned from a TV- and Internet-free vacation. I found that the House had passed a health care reform bill and that lawmakers were still wrangling over the finer and not so fine points of ...MORE

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See you in court

12:06 pm, Oct. 27
  • Liability & Litigation

    • It probably seemed like a cool idea at the time when a group of environmental activists pretending to be representing the U.S. Chamber of Commerce decided to hold a fake news conference at the National Press Club last week. Using official Chamber logos and other protected material, the activists ...MORE

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    Freedom to think

    11:54 am, Oct. 22
  • Health Care Reform

    • Nowadays, the outcomes of congressional committee votes on major issues nearly always are totally predictable with Democratic and Republican members alike voting along party lines.That is why it was somewhat surprising and a little dramatic when Sen. Olympia Snowe, R-Maine, broke party ranks when ...MORE

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    Another call for reform

    Everybody knows it's the season for reform on Capitol Hill. There's health care reform, which gets a lot of the attention. There's financial services regulatory reform, which gets a lot of the attention, too. And if Sen. Orrin Hatch, R-Utah, gets his way, Washington will soon be dealing with the ...MORE

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    A change in the weather

    What a difference a year makes. Last fall and well into this year, any congressional hearing that had the three letters AIG in its title would have been a standing room only affair. Space at the press table would have been at a premium. Some would-be observers would have been banished to an ...MORE

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    A scholar looks at AIG and systemic risk

    Scott E. Harrington is the Alan B. Miller professor of health care management and insurance and risk management at the Wharton School at the University of Pennsylvania in Philadelphia. Not surprisingly, he's one of the better known insurance scholars in the country. He recently prepared a paper ...MORE

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    A reasonable request

    The Risk & Insurance Management Society Inc. sent a letter to members of the House Financial Services Committee yesterday endorsing the idea of requiring that all publicly traded companies of a certain size establish risk committees. While this is not a brand new idea, RIMS improved on it by ...MORE

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    Change in Direction

    2:35 pm, Oct. 5
  • Health Care Reform

    • Until recently, if you had asked me whether or not I thought Congress will pass health care reform legislation this year, I would have said that I wasn't sure.Now, though, I'm more optimistic about the passage of legislation. The reason for my optimism: a two-word comment made last month by ...MORE

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