American Insurance Association Archives

American Insurance Association enters coalition between US and UK despite Brexit

October 5, 2018October 3, 2018 Marc

American Insurance Association UK coalition

The trade association for P/C insurance leaders will use the coalition to make notable improvements. As Brexit Day in March 2019 moves ever closer, the American Insurance Association was undaunted and joined a coalition between the United States and the United Kingdom. The goal is to boost discussion from both countries regarding investment and trade in the industry. The American Insurance Association is the property and casualty insurance industry trade association. It recently announced it would join the American side of the Financial and Related Professional Services Coalition with the…

New auto insurance legislation may undermine the insurance industry in Minnesota

March 25, 2016March 23, 2016 S.Vagus

American Insurance Association opposes new legislation proposed in Minnesota New legislation in Minnesota may change the way auto insurance is regulated in the state and it has received opposition from the American Insurance Association (AIA). AIA Midwest region vice president Steve Schneider has provided testimony to the Minnesota State Senate Commerce Committee, highlighting the fact that the AIA is opposed to the legislation taking hold. The organization has expressed concern that the legislation would completely rework state law without taking into account how this would affect the solvency of the…

China could benefit from US property-casualty insurance companies

May 12, 2014May 9, 2014 Logan B.

American Insurance Association issues statements concerning China-US trade The American Insurance Association has submitted comments to the Office of the U.S. Trade Representative and the U.S. Department of Commerce concerning the 2014 US-China Joint Commission on Commerce and Trade. The joint commission has been in place for some time, renewed between the two countries every year. The agreement between the U.S. and China is meant to promote trade while also protecting companies that operate in both countries. Guarding trade secrets, ensuring legitimate sales, and determining how government officials use certain…

Auto insurance bill in North Carolina fails to pass

April 18, 2013April 30, 2013

A measure that would have changed the way that the coverage is regulated in the state was voted down. A bill designed to change the way that auto insurance rates are regulated within North Carolina, and which was strongly opposed by Wayne Goodwin, the commissioner for the state, has failed to pass. The House Insurance Committee voted the bill down on Tuesday, causing the measure to fail. The auto insurance rate regulation bill failed by a vote of 18 to 11, following the presentation of the views of both the…

Insurance group spends more than $300,000 lobbying the federal government

September 21, 2011May 8, 2013

The American Insurance Association spent more than $300,000 in lobbying the federal government during the second quarter of this year. Much of the lobbying effort was focused on disaster insurance and regulatory reform. The insurance organization has been pressuring legislators to pass laws that would make insurance more accessible to those in disaster prone areas. The money spent during the second quarter was not only spent to lobby the House and Senate, it also went toward lobbying efforts targeted at the Department of Treasury and Federal Reserve System. The association…