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Article on Auerbach Speech to Agents in Maine Most Read on Insurance Journal Site

An article based on PIA's press release detailing PIA National President-elect Ken Auerbach's speech to agents in Maine was the most-viewed article last week on...
May 14, 2008

An article based on PIA's press release detailing PIA National President-elect Ken Auerbach's speech to agents in Maine was the most-viewed article last week on Insurance Journal's website. The article, Main Street Insurance Agents Facing Trojan Horses, details how agents are facing an onslaught with a number of "Trojan Horses" suddenly appearing, all designed to help their competitors win over market share.

"We are witnessing a number of Trojan Horses being rolled up to our gates," Auerbach told the Maine agents. "We have a so-called 'optional' federal charter. We have attempts to reclassify insurance products as banking products. We have a bill now before Congress to establish an 'Insurance Information Office.' And we have the Treasury Department proposing an insurance regulatory office as an 'interim step.' An interim step to what?  And bear in mind, all of these regulatory efforts must be funded -- at the expense of the states and at the expense of Main Street insurance agents."

Read the full article.

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