Louisiana Commissioner of Insurance Robert Wooley was joined by National Association of Insurance Commissioners (NAIC) president and Arkansas Commissioner of Insurance Mike Pickens Friday Aug. 15 at a press conference to kick off Louisiana’s ASSURE program.
ASSURE, Alliance for Sound State Uniform Regulatory Efficiency, is a state-level grassroots effort, initiated by the NAIC at Commissioner Wooley’s urging, to counteract federal legislation aimed at usurping states’ rights to regulate insurance by creating a centralized federal bureau of insurance.
“Takeover of insurance regulation by the fed would cost Louisiana more than $200 million dollars yearly, rob consumers of their right to local protection and bog efficient state government claims and regulatory processes in the mire of federal bureaucracy,” Wooley said.
Topics Legislation Louisiana
Was this article valuable?
Here are more articles you may enjoy.
Relief But Questions on Agents’ Duties to Insureds After Florida Court Ruling 
Berkshire Hathaway Raises New CEO Abel’s Salary to $25 Million 
Private Equity Firms Expected to Unleash Middle-Market M&A Deals, Survey Says 
Disney Worker Injured Trying to Stop Runaway Boulder at Indiana Jones Show 
