Hot Topic Breakfast Presentations
The insurance industry has been divided for years about how insurers
are regulated, and the economic crisis has tilted the scale toward
some level of federal involvement in the future.
Proponents of a federal system believe that state regulation
is inadequate and that one-stop regulatory approval provides a broader
representation of insurance interests and stronger regulatory oversight
of systemic risk. Proponents of state regulation believe the merits
of a state system that provides stronger consumer protection outweigh
the virtues of a single regulator and have proposed principles to
improve the current state regulatory system.
During “Hot Topic” breakfast presentations, two leading spokespersons
of the opposing viewpoints will share their perspectives as well
as their understanding of the direction the U.S. government is headed
now as the federal versus state regulation battle once again heats
up. Mr. Sonnichsen will present the state insurance regulators’ viewpoint
on federal insurance regulation on Tuesday, November 3, at 8:00
a.m. Mr. Wood will present the viewpoint of those favoring federal
insurance regulation on Wednesday, November 4, at 8:00 a.m.
Tuesday, November 3, 8:00-8:45 a.m.
Federal Regulation—Vote "No!"
Ethan
A. Sonnichsen, Director, Government Relations, National Association
of Insurance Commissioners (NAIC)
Wednesday, November 4, 8:00-8:45 a.m.
Federal Regulation—Vote "Yes!"
Joel
Wood, Senior Vice President, Government Affairs, The Council
of Insurance Agents and Brokers (CIAB)