Democratizing new blockchain technology with big and open data will remove the middlemen in healthcare faster than the internet came to life in the mid-1990s. But who is hindering the progress?
Continue readingNew federal insurance office has vast power to collect data
Over a year since the passage of the Dodd-Frank financial law, the new Federal Insurance Office, which has broad authority to collect data from the $934 billion industry, finally has a director.
Michael McRaith, the newly appointed head, is currently director of the Illinois Department of Insurance. Treasury Secretary Timothy Geithner announced the appointment last week.
While the insurance industry, which is regulated at the state level, largely escaped the reach of the new financial law. The one exception was the creation of the new office within the Treasury Department.
While not a regulatory body, the office will advise the ...
Continue readingSenate Democrats, Republicans Raced to Raise Money from Finance, Insurance, Real Estate Sector in 2009
More than two years after the collapse of Bear Stearns presaged the 2008 financial meltdown, the United States Senate is... View Article
Continue readingTop Financial Services Committee Members Rely Heavily On Finance Campaign Contributions
One year after the biggest economic collapse since the Great Depression, Congress is still debating new financial regulations to protect... View Article
Continue readingFinance Industry Giving Visualized
Wonder just how Wall Street has become so influential on Capitol Hill that it can command the attention of the... View Article
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