This week, the U.S. House passed U.S. Rep. Bill Posey’s, R-Fla., bill to ensure insurance policies won’t be used to bail out financial institutions. Posey’s “Policyholder Protection Act” would make state insurance regulators part of the process when the Federal Deposit Insurance Corp. (FDIC) is part of the process when banks are liquidated. The bill … Continue reading House Passes Bill Posey’s Bill Ensuring Insurance Policies Aren’t Used on Bailouts