Key Congressional Leaders, Policy Experts to Discuss Insurance Industry in Washington, D.C. Summit
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Two key congressional leaders from opposite sides of the aisle will be among those providing public policy insights for the insurance industry at an upcoming summit in
Sen.
"There are under discussion new rules for capital requirements, accounting standards and collateral that affect the global insurance industry, and there are efforts here and abroad to harmonize and improve these standards," said
The goal of the Summit is to engage industry leaders and lawmakers in a forum that promotes an interchange of ideas on proposed regulatory reforms, said
"This year's panelists will no doubt bring a fresh perspective on challenges that face the insurance industry," Smith said. "An important outcome of the Summit is that key policymakers are informed about the goals, the costs, and the benefits associated with potential changes in the legal and regulatory environment."
The Federal Insurance Office is the first national level office of its kind, as insurance has typically been overseen at the state level, Smith said.
"The Federal Insurance Office will have an impact on the international insurance industry because there is no governing body for
State regulators will be represented by
An industry panel discussion covering U.S. and international developments will feature
Three researchers will present their latest findings on domestic and international regulatory issues confronting policymakers and the industry. The Summit is free to attend, though registration is required. More information can be found at www.networksfinancialinstitute.org
Photo: http://isuphoto.smugmug.com/Other/marketing/Federal-Hall-Scott-College-of/i-2MB4n2k/0/L/09_12_12_Don_Scott_-2523-L.jpg A classroom in the
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