LOUISIANA REPRESENTATIVE EDMOND JORDAN APPOINTED TO FEDERAL ADVISORY COMMITTEE ON INSURANCE

The Federal Advisory Committee on Insurance (FACI) recently appointed Louisiana Representative Edmond Jordan to its membership. Rep. Jordan, who Chairs the NCOIL Financial Services and Multi-Lines Issues Committee and is a member of the NCOIL Executive Committee, also serves as Vice Chair of the Louisiana House Insurance Committee.

The FACI provides advice and recommendations to the Federal Insurance Office (FIO) in carrying out its duties and authorities. With its members appointed by the U.S. Treasury Department, the Committee is limited to 21 members comprised of current and former state officials, consumer advocates, and other insurance industry experts. More information on FACI can be found here (https://home.treasury.gov/policy-issues/financial-markets-financial-institutions-and-fiscal-service/federal-insurance-office/federal-advisory-committee-on-insurance-faci).

"It's a great privilege to join FACI at such an important time for the insurance marketplace and the economy as a whole. With striking rate increases for homeowners policies here in my home state of Louisiana, I know just how important it is to make sure consumers are protected while still maintaining an effective marketplace" said Rep. Jordan. "Throughout my time at NCOIL, I've gained a strong appreciation of the importance of the state-based system of insurance regulation and a thorough knowledge of the unique insurance issues each state faces. I look forward to bringing that perspective to the Federal level", he concluded.

"Edmond's proven leadership on insurance issues both at NCOIL and in Louisiana will be a great asset to FACI" stated NCOIL CEO Commissioner Tom Considine. "He has worked on a wide range of insurance issues throughout his career and his knowledge of the current insurance landscape from a state legislative perspective will prove to be very useful in helping guide the Federal Government's insurance priorities."

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