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ICYMI: AIA's Steve Simchak - Here's Why You Should Pay Attention to NAFTA This Round

By Steve Simchak

When the North American Free Trade Agreement was first written, the internet was a brand new phenomenon. Only companies on the cutting edge of technology had a website, and email addresses were not anyone’s primary method of communication. It’s no surprise, then, that NAFTA re-negotiators are looking to draft proposals to address the huge amounts of data businesses now use on a daily basis.

Though it might seem a little arcane to the average person, in reality, allowing financial data to flow across national borders is something consumers across North America should be paying attention to. By permitting financial institutions to store and process data in the location that’s best for them, we can improve the financial products we all consume, help secure our personal information from cyberattacks, and help make it possible for the under-insured and under-banked populations to gain access to the financial system.

To read the full op-ed, click here.



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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