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Address by Brevik to PIA Board Previewed in National Underwriter

Remarks prepared for delivery by PIA National Executive Vice President & CEO Len Brevik at the PIA National Board meeting April 1 were previewed in...
March 27, 2007

Remarks prepared for delivery by PIA National Executive Vice President & CEO Len Brevik at the PIA National Board meeting April 1 were previewed in the National Underwriter. An excerpt from the article:

"Mr. Brevik explains that advocates for federal regulation of insurance are taking advantage of public discontent resulting from some claims practices following Hurricane Katrina, leading some in Congress to hold hearings and propose legislation. He says two bills are of the most concern to PIA: One would repeal the McCarran-Ferguson limited antitrust exemption for the insurance industry, and the other would create federal regulation under a so-called 'optional' federal charter. 'All this is happening at the same time several state attorneys general continue their attempt to legislate how our industry operates by judicial fiat,' Brevik plans to say."

"Mr. Brevik says these challenges are requiring PIA to fight on several fronts simultaneously, opposing federal regulation in Congress while defending contingent commissions in court and with state insurance departments."
 
Insurers Face Dangerous Changes, Says PIA Head (National Underwriter 3/21/07)

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