NEW YORK — Just a month after all the ballots were counted, insurance-industry panelists at the 23rd annual Executive Conference tried to make sense of this year's election results.
The conference, hosted by Ernst & Young and Summit Business Media, featured a panel consisting of Robert Hartwig, president of the Insurance Information Institute; Marc Cadin, executive vice president for government affairs at the Association for Advanced Life Underwriting; and Steven Bensinger, senior managing director of the Global Insurance Services Group at FTI consulting (and former CFO of AIG).
The reelection of Jeb Hensarling (R-Tex), the vice chair of the Committee on Financial Services, was viewed as "a good thing" for the industry, but the defeat of Judy Biggert (R-Ill.), who served as chairwoman of the Subcommittee on Insurance, Housing and Community Opportunity, was described "as a major setback for insurance."
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