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AIA Praises Senator Scott for Introducing CFPB Insurance Clarification Bill

Contact: Marguerite Seidel
(202) 828-7196

WASHINGTON, D.C. – APRIL 19, 2018 – The American Insurance Association issued the following statement in response to Senator Tim Scott’s introduction of the Business of Insurance Regulatory Reform Act (S. 2702):

“We applaud Senator Scott for drawing a brighter line between the CFPB’s authority and that of state-insurance regulators,” said Wes McClelland, vice president of federal affairs at AIA. “As the Senator noted in his statement, Congress deliberately limited the Bureau’s oversight to exclude the business of insurance, and this legislation further echoes that intention. We look forward to its swift movement in Congress before heading to the President’s desk.”

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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 330 companies, collectively writing more than $134 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 & MEDIA CONTACT
(202) 828-7149
rwallen@aiadc.org

 

 

AIA MEDIA

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