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PIA National Reacts: No More Federal Insurance Anything

from PIA Western Alliance

Last week Weekly Industry News reported that Federal Insurance Office (FIO) Director Michael McRaith is leaving his post at the end of this week. McRaith's decision pleased PIA National Executive Vice President Mike Becker and other key players in the association. With McRaith gone and with a Republican Congress looking at major modifications of the Wall Street reforming Dodd-Frank Act, PIA wants the House Financial Services Committee to not only do away with the FIO when the Financial CHOICE Act is acted upon but eliminate its replacement, the Office of the Independent Insurance Advocate. And the association sent a letter to committee chairman and Texas Republican Rep. Jeb Hensarling requesting that change. more


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