Testimony for National Insurance Charter American Banker (09/20/00) Vol. 104, No. 37 p.6; Canning, Eileen; Garver, Rob
Special interests groups from the banking and insurance industry testified before Congress on September 20th to advocate the creation of a national charter for insurance companies. Glen Milesko, chairman and CEO of Banc One Insurance Group of Milwaukee, said consumers would benefit from federal chartering for insurance because the structure would allow more uniform policies, greater product choice, increased competition, and greater product availability and mobility.