Some East Coast politicians benefitted significantly from the Democratic takeover of Congress as Reps. Barney Frank of Mass. and Rep. Paul Kanjorski of Pa. took leadership positions on committees with direct control over insurance legislation. Frank is chairman of the powerful House Financial Services Committee, while Kanjorski heads one of its key subcommittees, the Subcommittee on Capital Markets, Insurance, and Government Sponsored Enterprises.
There was also Sen. Chris Dodd, D-Conn., who became the point person in the Senate on big insurance issues as he assumed chairmanship of the Senate Banking Committee.
Was this article valuable?
Here are more articles you may enjoy.
Wildfires, Storms Fuel 2025 Insured Losses of $108 Billion: Munich Re Report 
Georgia Republicans Move to Scrap State Income Tax by 2032 Despite Concerns 
Warburg Mulls $1 Billion Sale of London Insurance Broker McGill 
Door of Swiss Bar Where 40 Died in Fire Was Locked, Says RTS From This Issue
