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House Speaker-designate John Boehner has named Rep. Dan Lungren chairman of the House Administration Committee for the 112th Congress.
Lungren, R-Calif., who has been a member of the committee, will be responsible for running the House smoothly, efficiently and cost-effectively, according to Boehner, R-Ohio.
Lungren, a former California attorney general, has helped insurers fight efforts to narrow the scope of the McCarran-Ferguson Act antitrust exemption for insurance.
- Allison Bell
Robert Shapiro led a $1.2 billion Ponzi scheme over six years that hurt some 8,400 investors.
The bank's wealth unit lost 76 advisors in the latest quarter and 751 over the past 12 months.
The companies say a distributed ledger system could be useful in reinsurance.
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