In his latest President’s Letter, PIA National President Robert Page comments on all the controversy that has surrounded the battle against federal regulation of insurance. Page traces the current ongoing assault against our system of state insurance oversight from the initial introduction of the National Insurance Act, calling for an optional federal charter, to recent events such as the Treasury Department issuing a call for its “New World Order for our economy, sweeping up insurance in the process.”

Page says PIA’s battle plan is to continue to defend the superiority and the integrity of state supervision of insurance, counter the actions of those advocating for federal regulation and move with speed to finish the reforms to modernize the state system that are already making significant progress. “This must be a collective effort, fought in the trenches through continuous grassroots actions at the state level,” he says. “As this war is fought, PIA will need to issue calls to our members to engage in these grassroots actions. You need to be prepared to answer these calls, quickly!”

“All PIA members, together with their PIA affiliates, must present a united front to defend our agencies against the kind of changes to the system now being proposed that threaten our businesses and the protection of our customers,” Page concludes.

April 29, 2008