WASHINGTON, D.C., September 30, 2019 —The Independent Insurance Agents & Brokers of America (the Big “I") today released the following statement by Charles Symington, Big “I" senior vice president of external, industry and government affairs, on the introduction of the International Insurance Standards Act of 2019.
“This important legislation would protect the erosion of our state-based insurance regulatory system by creating important safeguards for federal officials taking part in international insurance negotiations. With such an interconnected world, it is critical to approach negotiations with consistency and to not undermine our current state-based system. The Big 'I' thanks Reps. Denny Heck (D-Washington) and Ted Budd (R-North Carolina) for their leadership on this bill and is grateful for the House introduction of this common-sense legislation. We look forward to continuing to work with Congress to strengthen and modernize the state-based insurance system."
Founded in 1896, the Independent Insurance Agents & Brokers of America (the Big “I") is the nation's oldest and largest national association of independent insurance agents and brokers, representing more than 25,000 agency locations united under the Trusted Choice brand. Trusted Choice independent agents offer consumers all types of insurance—property, casualty, life, health, employee benefit plans and retirement products—from a variety of insurance companies.