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PIA and NAIC: Defending U.S. State Insurance Regulation

from PIA Western Alliance

Congress is now looking at international insurance regulations. The U.S. House Financial Services insurance subcommittee recently held a hearing focused on U.S. engagement on insurance issues with the European Union (EU). National Association of Insurance Commissioners (NAIC) Vice President and Tennessee Insurance Commissioner Julie Mix McPeak testified at the hearing and urged Congress to proceed with caution. PIA supports a modernized state-based insurance system and opposes any federal regulation or — in this case — international standards that will destabilize or supplant state-based regulations. more

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