American Insurance Association (AIA) News

Business-Backed Group Pushes for Workers’ Comp Opt-Out in Illinois

An Illinois think tank has issued a report expressing support for a workers’ compensation opt-out system, stating that it would give employers the ability to lower costs and allow for a more flexible workforce. In its report, “Fixing Illinois’ Outdated …

Oklahoma Commissioner: 4 Insurers Have 55% of Earthquake Market

Data released at a May 24 hearing to determine the competitiveness of earthquake insurance coverage in Oklahoma shows that four insurance companies have 55 percent of the market in the state. That’s a concern for Insurance Commissioner John D. Doak, …

AIA Urges Mitigation, not Regulation to Ease Oklahoma’s Quake Coverage Woes

In testimony submitted to Oklahoma’s insurance commissioner, the American Insurance Association (AIA) has suggested that the state look at mitigation, rather than further regulation of the earthquake insurance market in order to alleviate concerns over lack of competition. Concerned about …

Insurance Trade Groups Oppose Minnesota Auto Insurance Bill

Property/casualty insurance trade groups, the American Insurance Association (AIA) and the National Association of Mutual Insurance Companies (NAMIC), have submitted testimony to the Minnesota Legislature in opposition to a proposed auto insurance regulation bill the groups say is misguided. According …

Hartford CEO Swift to Chair P/C Insurer Trade Group AIA

The Hartford Chairman and CEO Christopher J. Swift will become chairman of the board of directors of the American Insurance Association (AIA) at its March meeting, serving a one-year term. Swift succeeds Michael S. McGavick, CEO of XL Group, as …

EU, U.S. Insurance Organizations Call for ‘Full Inclusion’ in the TTIP

The American Insurance Association (AIA), Insurance Europe, and the American Council of Life Insurers (ACLI) have jointly issued a bulletin that reiterates their support “for the full inclusion of insurance in the Transatlantic Trade and Investment Partnership (TTIP).” The three …

McClelland of Majority Leader’s Staff Joins AIA As VP for Federal Affairs

The American Insurance Association (AIA) announced that Wesley R. McClelland will assume the position of vice president for federal affairs effective Sept. 8.  McClelland currently serves as senior policy advisor in the office of House Majority Leader Kevin McCarthy (R-Calif). Before …

India’s Raise of Foreign Insurers’ Investment Cap a ‘Positive Step’: AIA

Stephen Simchak, director of international affairs for the American Insurance Association (AIA) In his testimony before the U.S. International Trade Commission (ITC) on trade and investment policies in India. Has welcomed the passage of legislation in the Indian Parliament raising …

Insurers Warn Against Encroachment on State Regulation

Insurance companies are calling for Congress to ensure state-based insurance regulation remains protected from federal or international “regulatory encroachment.” “Congress must now increase its oversight regarding the unprecedented federal and international intrusion into state insurance regulation,” Kurt Bock, CEO of …

Obama, Insurers Welcome Bipartisan Trade Authority Measure

The White House would get its desired clarity of authority to negotiate a Pacific trade agreement while lawmakers would get the right to set negotiating parameters and to have a yes-or-no-vote on such pacts under a bipartisan proposal unveiled Thursday. …