Financial Summit to Discuss Federal Insurance Charter Options

February 22, 2006

Nationally-recognized expert on insurance markets and regulation, Scott Harrington, Ph.D., and Alan B. Miller, professor of the Wharton School at University of Pennsylvania, will discuss “Federal Charters for Insurance Companies: Options and Alternatives” during the 3rd Annual Insurance Summit presented by Networks Financial Institute at Indiana State University.

The Summit will be held at the Ronald Reagan Building & International Trade Center in Washington, D.C., on March 1, 2006.

“The Summit is not about an either/or situation regarding federal charters, but a forum to propose and discuss alternatives and options,” said Elizabeth Coit, executive director of NFI.

Coit said that 2006 marks NFI’s third year of convening national leaders within the financial services industry to address the most critical issues impacting insurance.

Leading national policymakers and industry experts who will add their weight to the event, include: Rep. Paul E. Kanjorski, (D-PA), member of the House Financial Services Committee; Jamie Burnett, legislative director for Sen. John Sununu (R-NH); Glenn E. Westrick, counsel of the House Financial Services Committee; Charles E. Symington, Jr., senior vice president, Federal Government Affairs & Federal Relations, Independent Insurance Agents & Brokers of America; J. Kevin McKechnie, associate director of Government Relations, American Bankers Insurance Association; J. Stephen Zielezienski, senior vice president & general counsel, American Council for Life Insurance; Gary Hughes, senior vice president & General Counsel, American Insurance Association; Richard M. Bouhan,executive director, National Association of Professional Surplus Lines Offices; and the Honorable Emil Henry, Jr., assistant secretary for Financial Institutions, U. S. Department of the Treasury.

Some of the questions speakers and panelists will debate include: Should there be a federal role in insurance chartering and regulation? What are the pros and cons of an optional federal charter and/or mandatory federal regulation? Where are we in the process now?

Registration information is online at www.networksfinancialinstitute.org or available at 1.800.603.7113. Registration is required and space is limited.

Networks Financial Institute at Indiana State University was founded in 2003 with a grant from Lilly Endowment. Headquartered in Indianapolis with offices in Washington, D.C. and on the campus of Indiana State, and with outreach internationally, NFI’s goal is to serve as a catalyst for change in the financial services industry.

Source: Networks Financial Institute

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