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U.S. House Financial Services Oversight and Investigations Subcommittee’

U.S. House panel heads to West Palm to review property insurance problems

Friday, June 26th, 2009 by Michael C. Bender

financialservices

The U.S. House Financial Services Oversight and Investigations Subcommittee will hold a hearing in West Palm Beach on Thursday at 10 a.m. in the city commission chambers to review the availability and affordability of homeowners insurance in the country.

The subcommittee will examine insurance industry coverage of catastrophic natural disasters, the withdrawal of insurance companies from offering policies in coastal areas, rising homeowners’ insurance premiums and the resulting economic impact on state and local governments, as well as possible solutions to the homeowners’ insurance crisis.

U.S. Rep. Ron Klein, D-Boca Raton, will also participate in the hearing.

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