American Insurance Association (AIA) News

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). …

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. …

Insurers Win Case to Kill HUD Disparate Impact Rule

Property/casualty insurer trade groups won a court victory Monday when a federal judge ruled in their favor that the U.S. Fair Housing Act does not prohibit housing practices including the pricing of homeowners insurance that have a disparate impact on …

AIA Endorses (TiSA) Agreement Negotiations; Supports Energy Coverage Inclusion

The American Insurance Association (AIA) has endorsed the negotiations underway in Geneva for the adoption of the Trade in Services Agreement (TiSA) initiative, as the PCI recently did. In a letter to Ambassador Michael Froman, the U.S. Trade representative, AIA …