Washington–U.S. insurance interests are urging the nation's trade representatives to push Korea for an agreement giving them access to that country's $65 billion insurance market.
The American Insurance Association in Washington said in a letter that U.S. negotiators should work to improve the transparency and consistency of Korea's insurance regulatory system as they craft a free trade agreement.
Talks on the proposed U.S. Korea Free Trade Agreement are scheduled to begin in early June, and the stakes are high for U.S. insurers.
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