The election means changes among federal officials whose decisions affect the property/casualty insurance industry. The changes include the leadership of the Financial Stability Oversight Council as Treasury Secretary Timothy Geithner has indicated he does not plan to hold the position for another term. Rep. Jeb Hensarling, R-Texas, is expected to be chairman of the House Financial Services Committee, and Rep. Maxine Waters, D-Calif., is expected to join the panel's leadership team. The House Subcommittee on Insurance, Housing and Community Opportunity also will have a new leader after Chairwoman Rep. Judy Biggert, R-Ill., lost her re-election bid.
Published in Brief: