Big “I” to Testify Before Congress on Insurance Regulation
Government Affairs Committee chair to represent association before House Financial Services Committee.
WASHINGTON, D.C., Jan. 31, 2014 - The Independent Insurance Agents & Brokers of America (IIABA or the Big “I”), will testify on Tuesday, Feb. 4, 2014 before the U.S. House of Representatives Committee on Financial Services Subcommittee on Housing and Insurance at a hearing titled “The Federal Insurance Office’s Report on Modernizing Insurance Regulation.”
WHO: Jon Jensen, chairman of the Big “I” government affairs committee; independent insurance agent from South Carolina
WHAT: Testify before the U.S. House of Representatives Committee on Financial Services Subcommittee on Housing and Insurance at a hearing titled “The Federal Insurance Office’s Report on Modernizing Insurance Regulation.”
WHEN: Tuesday, Feb. 4, 2014
TIME: 10:00 a.m. Eastern
WHERE: 2128 Rayburn House Office Building
Washington, D.C. 20515
In late December, the Federal Insurance Office (FIO) released the long-overdue report on “Ways to Modernize and Improve the System of Insurance Regulation in the United States.” The report, originally due in January 2012, was mandated by the Dodd-Frank Wall Street Reform Act of 2010 (Dodd-Frank) which created FIO. The hearing will discuss the report’s findings and will include two panels: the first will be a government panel and the second will include the Big “I” and other industry representatives.
Jon Jensen, an independent agent from South Carolina and Big “I” Government Affairs Committee chairman, will represent the association. He is president of Correll Insurance Group, headquartered in Spartanburg, S.C.
Founded in 1896, the Big “I” is the nation’s oldest and largest national association of independent insurance agents and brokers, representing a network of more than a quarter of a million agents, brokers and their employees nationally. Its members are businesses that offer customers a choice of policies from a variety of insurance companies. Independent agents and brokers offer all lines of insurance—property, casualty, life, health, employee benefit plans and retirement products. Web address: www.independentagent.com.