Kanjorski Panel to Look at Systemic Risk and Insurance

The U.S. House Subcommittee on Capital Markets, Insurance and Government Sponsored Enterprises has scheduled a hearing Tuesday to examine the regulation of insurers that pose a systemic risk to the nation's economy.The panel is chaired by U.S. Rep. Paul Kanjorski, D-Pa., who's been a leader in Congressional efforts to impose some form of federal regulation on the insurance industry.Kanjorksi filed legislation earlier this session to create an Office of Insurance Information within the U.S. Treasury Department. While the industry is widely divided over calls to create an optional federa...