Prof. Schwarcz Testifies to Congress on “The Federal Role in the Insurance Industry”

Professor Daniel Schwarcz testified at a hearing on the “Federal Role in the Insurance Industry” before the Housing and Insurance Subcommittee of the House Financial Services Committee, in Washington D.C. His testimony suggested that the federal government has an important role to play in monitoring state insurance regulation, preventing the aggregation of systemic risk in the industry, and engaging with international standard-setting organizations.