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U.S. Senate Committee on Homeland Security and Governmental Affairs
Subcommittee on Federal Financial Management, Government Information, and International Security
Title: Oversight Hearing on Insurance Brokerage Practices, Including Potential Conflicts of Interest and the Adequacy of the Current Regulatory Framework
Date: 11/16/04
Time (EST): 10:30 AM
Place: Dirksen Senate Office Building, Rm. 342
This oversight hearing will focus on insurance brokerage practices, such as contingent commissions, that raise conflict of interest questions, and whether these practices harm consumers or suggest changes to the existing regulatory framework.
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Senate Committee on Homeland Security and Governmental Affairs
 
Member Statements
    Senator Daniel K. Akaka
 
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Witnesses Testimony
 
Panel 1
  Eliot L. Spitzer [View PDF] , Attorney General , Office of the New York State Attorney General
  The Honorable Richard Blumenthal , Attorney General, State of Connecticut
  The Honorable Gregory V. Serio [View PDF] , Superintendent of Insurance, State of New York , Representing the National Association of Insurance Commissioners
  The Honorable John Garamendi , Insurance Commissioner, State of California

Panel 2
  Albert R. Counselman [View PDF] , President and CEO, Riggs, Counselman, Michaels & Downes, Inc. , Representing the Council of Insurance Agents and Brokers
  Alex Soto , President, InSource, Inc. , Representing the Independent Insurance Agents and Brokers of America
  Ernie Csiszar , President and CEO, Property Casualty Insurers Association of America
  Janice Ochenkowski [View PDF] , Vice President for External Affairs, Risk and Insurance Management Society
  J. Robert Hunter [View PDF] , Director of Insurance, Consumer Federation of America



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Committee on Homeland Security and Governmental Affairs
340 Dirksen Senate Office Building
Washington, D.C. 20510