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PIA Hails NFIB Survey Showing Small Business Opposes Federal Regulation of Insurance

WASHINGTON, August 6, 2007 - The National Association of Professional Insurance Agents (PIA) is hailing the results of a nationwide survey showing that...
August 6, 2007

WASHINGTON, August 6, 2007  - The National Association of Professional Insurance Agents (PIA) is hailing the results of a nationwide survey showing that small business owners oppose the idea of the federal government regulating insurance.

One of the questions asked by the National Federation of Independent Business (NFIB) of its members in their periodic mail-in Member Ballot on federal issues was, "Should Congress repeal the anti-trust exemption for insurance companies and regulate them at the federal level?" By nearly two-to-one, NFIB members who mailed in their ballots expressed opposition, by a 46-28 percent margin, with 26 percent undecided. Results were reported in the August/September 2007 issue of NFIB's magazine, My Business.

"These results demonstrate that America's small businesses are firmly opposed to the creation of a new federal insurance bureaucracy in Washington, D.C. as proposed by advocates of the so-called optional federal charter," said PIA National President Donna L. Pile. "Main Street business owners know that the best regulation is that which is closest to the people, within each of our states. The success of the insurance industry under state regulation illustrates that the needs of the marketplace are best met at the local level."

Pile's remarks came as Professional Insurance Agents across the country - local Main Street insurance agents - participate in a month-long series of activities during August centered on meetings with federal lawmakers during the summer congressional recess. This year, PIA members have made opposition to The National Insurance Act of 2007 (H.R. 3200, S. 40) a focal point of these meetings.

Founded in 1931, PIA is a national trade association that represents member insurance agents and their employees who sell and service all kinds of insurance, but specialize in coverage of automobiles, homes and businesses. PIA members are Local Agents Serving Main Street America(SM). PIA's web address is www.pianet.com.

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