PIA To Lobby The ?Hill' Thursday
NU Online News Service, March 11, 11:50 a.m. EST?The National Association of Professional Insurance Agents is holding its annual Federal Legislative Summit in Washington, D.C. this week.
The lobbying effort, which includes a political action committee dinner, is due to begin Thursday and feature a keynote address by Rep. Richard H. Baker, R-La., chairman of the House Financial Services subcommittee on Capital Markets, Insurance, and Government-Sponsored Enterprises
Mr. Baker is scheduled to deliver his remarks at the Capitol Hill Club during the summit's breakfast and briefing.
PIA, based in Alexandria, Va., stages the annual summit gathering so members from across the nation can meet and lobby their elected representatives in their Washington, D.C. offices.
PIA said among some of the legislative topics of concern to agents are proposals for the optional federal chartering of insurance companies introduced by Sen. Charles Schumer, D-N.Y. and Rep. John J. LaFalce, D-N.Y.
The association said it opposes federal chartering and supports functional state regulation of insurance.
PIA said it supports a national standards proposal for insurance regulation that strikes a balance between the need for national uniformity in standards, and the demands of emerging multi-state markets.
PIA is also urging members to speak to their lawmakers about enacting a terrorism insurance backstop to provide market stability in the event of another attack similar to 9/11.
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
