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Posted inMoney

Leonardi cool on federal regulation of insurance industry

Connecticut’s insurance commissioner told members of Congress Tuesday he has serious reservations about extending federal oversight of the insurance industry. Thomas Leonardi, commissioner of Connecticut’s Insurance Department, was invited by a Republican member of the House Financial Services Committee to weigh in on new federal  oversight of the insurance industry, which is largely regulated by the […]

Posted inPolitics

Metro-North, MTA sought delay of federal safety rules

Washington – Crisis-plagued Metro-North and its parent company sought to delay and weaken proposed federal safety measures that could have helped prevent some of the accidents the rail company suffered in the past year. Less than two weeks before a foreman was killed by a train, Metro-North pressed the Federal Railroad Administration to delay a safety rule requiring trains to slow to 25 miles per hour when passing a work site.

Posted inPolitics

Blumenthal says Obama’s NSA reforms only first step

Sen. Richard Blumenthal, D-Conn., a member of the Senate Judiciary Committee who has introduced legislation to rein in NSA spying, said President Obama’s announced reforms of the agency are “stronger in principle than prescription.” While he praised the president for moving to address concerns abroad and at home about the NSA’s operations, Blumenthal said he would continue to press for approval of his legislation, saying Congress must “provide precision and details” to the president’s reforms.