News From Terre Haute, Indiana

March 1, 2014

FIO director to be keynote at D.C. summit


The Tribune-Star

TERRE HAUTE — On the heels of his report to Congress proposing changes in insurance regulation, Michael McRaith, director of the Federal Insurance Office, will be the keynote speaker for Networks Financial Institute’s 10th anniversary Insurance Public Policy Summit.

“McRaith’s report, shaped in part by more than 10 years of research and analysis by NFI, calls for a new federal role in insurance regulation to supplement existing state-based systems. Industry leaders, researchers, state and federal regulators and lawmakers will be on hand to weigh in on the report and other issues affecting insurance in the global economy,” said Brien Smith, dean of Indiana State University’s Scott College of Business and interim director of NFI.

The theme of the 2014 summit, scheduled for March 12 in the Ronald Reagan Building and International Trade Center in Washington, D.C., is “Confronting New Challenges in U.S. and International Regulation.” Participants in the summit will take part in wide-ranging discussions of the Federal Insurance Office report and other new initiatives.

“New concerns for systemic risk and global competitiveness have led to new efforts to boost capital and liquidity requirements both domestically and internationally and to promote international policy coordination,” said John A. Tatom, NFI research director and author of a 2011 policy brief for the Federal Insurance Office.

Congressional representation at the summit will include Rep. Randy Neugebauer (R-Texas), chairman of the House Financial Services Subcommittee on Housing and Insurance and Sen. Heidi Heitkamp (D-N.D.), member of the Senate Banking Committee.

State regulators will be represented by Monica Lindeen, Montana state auditor and president-elect of the National Association of Insurance Commissioners. Representing the industry will be Tim Pawlenty, chief executive officer of the Financial Services Roundtable, and Leigh Ann Pusey, president and CEO of the American Insurance Association.

Other speakers scheduled to appear are Peter Gallanis, president of the National Organization of Life and Health Insurance Guaranty Association; Kevin Nixon, managing director, regulatory affairs, Institute of International Finance; Peter Wallison, senior fellow, American Enterprise Institute; and Martin F. Grace, the James S. Kemper professor of risk management and associate director and research associate at the Center for Risk Management and Insurance Research at Georgia State University.

More information about the 2014 Insurance Public Policy Summit, including a registration form for the free event, is available at www.isunet works. org.



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n For information about the 2014 Insurance Public Policy Summit, “Confronting New Challenges in U.S. and INternational Regulation,” or to register, visit www.isunetworks.org.