Congressional leaders, policy experts to speak at summit
Published: Wednesday, March 20, 2013
Updated: Wednesday, March 20, 2013 03:03
Two key congressional leaders from opposite sides of the aisle will be among those providing public policy insights for the insurance industry at a summit in Washington, D.C, today.
Sen. Jack Reed, D-R.I., and U.S. Rep. Blaine Luetkemeyer, R-Mo., will speak at Networks Financial Institute’s ninth annual Insurance Public Policy Summit at the Ronald Reagan Building and International Trade Center.
The summit, with a theme of “Navigating U.S. and International Cross Currents,” will feature policy, industry and research experts discussing the latest analysis and updates on a variety of areas affecting the insurance industry.
“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 John Tatom, director of research for NFI. “It’s not just affecting domestic insurers. It’s also affecting the international operations of domestic insurers, as well as international companies that are doing business in the U.S.”
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 Brien Smith, dean of the Scott College of Business at Indiana State University, which houses Networks Financial Institute.
“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,” Smith said.
State regulators will be represented by Monica Lindeen, commissioner of securities and insurance for the Montana State Auditor and vice president of the National Association of Insurance Commissioners. She will discuss the NAIC perspective.
Three researchers will present their latest findings on domestic and international regulatory issues confronting policymakers. More information can be found at www.networksfinancialinstitute.org