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AIA Statement on Trade Deal

Contact: Rachel Wallen
(202) 828-7149

WASHINGTON, D.C. - October 1, 2018 - The American Insurance Association issued the following statement in response to the U.S., Canada, and Mexico's agreement on a new trade pact: 

"AIA has long supported modernizing NAFTA, while also preserving its existing benefits," said Steve Simchak, AIA vice president and chief international counsel. "In particular, we are pleased to see that the new agreement contains a strong commitment on cross-border data flows and storage that will benefit the insurance industry. That commitment will have a significant, tangible effect for U.S. insurers and reinsurers operating in Canada where the government requires the localization of data storage. It also fulfills one of Congress’s negotiating objectives for the Administration.We are continuing to review the details of the agreement, and thank the negotiators for all of their substantial efforts.”

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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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