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AIA Response to Illinois' Passage of SB 1737

Contact: Marguerite Seidel
(202) 828-7196

SPRINGFIELD, IL -- JUNE 1, 2018 -- Following the passage of Illinois SB 1737, legislation which permits sensible corporate restructuring for insurers and reinsurers, but also adds government-driven rate controls to Illinois' workers' compensation system, the AIA's Steve Schneider, vice president for state affairs, Midwest region, issued the following statement:
 
“We’re quite disappointed that policymakers have chosen to mix poorly conceived government-driven rate controls with reasonable, sensible reforms. Illinois already has the most competitive marketplace for workers’ compensation insurance in the nation - reversing course and putting the state in charge of setting rates for workers’ compensation insurance does nothing to fix the true cost drivers of Illinois' workers' compensation system.”

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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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