The executive vice president & general manager of North Carolina Farm Bureau Mutual Insurance Company will address the House Financial Services Capital Markets Subcommittee today on behalf of the National Association of Mutual Insurance Companies (NAMIC).
Bill Pollard will participate in a roundtable discussion with members of the House Financial l Services Capital Markets Subcommittee, chaired by Rep. Richard H. Baker (R-La.). The roundtable discussion will examine various terrorism risk insurance proposals.
“NAMIC appreciates the Committee’s effort to bring this issue into focus, and is encouraged by activity in Congress to establish a federal backstop,” said Pam Allen, vice president-federal affairs. “NAMIC’s preference is for a program with retention levels based on individual company surplus rather than industry-wide and for a single definition of terrorism.”
Pollard is also speaking on behalf of the National Association of Independent Insurers.
In addition to Pollard, those expected to participate in the informal briefing for the Subcommittee are:
Sheila C. Bair, Assistant Secretary, Financial Institutions, Treasury Department – tentative
Tom Gallagher, Treasurer, Insurance Commissioner and State Fire Marshal,
State of Florida, Member of the National Association of Insurance Commissioners
Edmund F. Kelly, president & CEO, Liberty Mutual Group
John T. Sinnott, chairman & CEO, Marsh Inc.
Franklin W. Nutter, president, Reinsurance Association of America
Terry Broderick, president & CEO, Royal SunAlliance USA Inc.
Travis Plunkett, Consumer Federation of America
Larry Cluff, Government Accounting Office
Tom Miller, Cato Institute
David Keating, senior counselor & Board of Directors member, National Taxpayers Union
Steve Wechsler, president and CEO, National Association of Real Estate Investment Trusts.
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