The Senate took its first public step toward potentially overhauling the U.S. insurance market in the 119th Congress, though it’s clear the Capitol has a long way to go before any changes can take shape.
The Senate Banking Committee held a hearing this morning examining the rising costs of insurance – home, flood and otherwise. And unlike a lot of hearings we watch in the financial services, there’s a broad consensus that costs in insurance markets aren’t sustainable.
Here’s what lawmakers talked about today:
