House Financial Services Committee

Housing and Insurance Subcommittee

Factors Influencing Property and Casualty Insurance Markets

2128 Rayburn
Thu, 02 Nov 2023 18:00:00 GMT

On November 2, in Room 2128 of the Rayburn House Office Building, the Subcommittee on Housing and Insurance will hold a hearing entitled, “Factors Influencing the High Cost of Insurance for Consumers.”

Rescheduled from October 24.

Hearing memo

Legislation
  • H.R. 5535, the “Insurance Data Protection Act”, to prohibit the Federal Insurance Office of the Department of the Treasury and other financial regulators from collecting data directly from an insurance company
  • H.R. 2933, the “Federal Insurance Office Elimination Act”
  • H. Res. ___, Expressing the continued support of Congress for the McCarran-Ferguson Act and its State-based regulatory system for the business of insurance
Witnesses:
  • Robert Gordon, Senior Vice President, American Property and Casualty Insurance Association (APCIA)
  • Frank Nutter, President, Reinsurance Association of America (RAA)
  • Grace Arnold, Commissioner, Minnesota Department of Commerce, on behalf of National Association of Insurance Commissioners (NAIC)
  • Joseph Petrelli, President and Co-Founder, Demotech, Inc.
  • Baird Webel, Specialist in Financial Economics, Congressional Research Service (CRS)
  • Dr. Carolyn Kousky, Associate Vice President, Economics and Policy Analysis, Environmental Defense Fund