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AIA Statement on FSOC Insurance Member Continuity Act

Contact: Marguerite Seidel
(202) 828-7196

Washington, D.C. July 25, 2017 -- ​The American Insurance Association issued the following statement in response to the House Financial Services Committee's passage of the Financial Stability Oversight Council Insurance Member Continuity Act, H.R. 3110. This bill will allow the FSOC independent insurance expert to remain on the Council after the end of his or her term, if a successor has not yet been named. 

A statement from Stef Zielezienski, AIA's senior vice president and general counsel, follows:

“We applaud the committee’s passage of this bill because it ensures that an individual with expert knowledge of insurance and policyholder issues will maintain a seat at the FSOC table, regardless of the political changes in Washington. We thank Mr. Woodall for his continued leadership and urge the House to promptly take up the measure, so this commonsense legislation can be considered by the Senate, and ultimately sent over to the president.”

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The American Insurance Association (AIA) is the trade association for today’s leaders in the property-casualty insurance industry.  Our members work each day to protect the American Dream, whether that’s a house, car, business or otherwise.  Now more than 150 years old, AIA has an unparalleled record of advocating on state, federal and international issues for insurers and their customers.

Our membership is comprised of more than 320 companies, collectively writing more than $125 billion in premiums each year.

We have the experience of a veteran organization coupled with the innovative ideas that drive our industry forward. AIA is leading the insurance industry into the second half of the 21st Century… today.


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Media Contacts

Maggie Seidel
VICE PRESIDENT, PUBLIC AFFAIRS
(202) 828-7196
mseidel@aiadc.org

Rachel Wallen
PUBLIC AFFAIRS MANAGER
(202) 828-7149
rwallen@aiadc.org

 

AIA MEDIA

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