FOR IMMEDIATE RELEASE
STATE REGULATORS PARTICIPATE
IN EU-U.S. DIALOGUE PROJECT
Participants from both sides of the Atlantic engage on insurance
WASHINGTON, D.C. (November 25, 2015) —The Steering Committee of the EU-U.S. Dialogue Project held a public meeting on Sunday, Nov. 22 in National Harbor, Md. following the National Association of Insurance Commissioners (NAIC) 2015 Fall National Meeting. The third of its kind, the event provided the public with a status report of the project and future work plans. NAIC President and Montana Insurance Commissioner Monica J. Lindeen provided welcome remarks for the forum, which more than 250 people attended.
“U.S. state regulators are committed, both through the NAIC and as representatives of the states we serve, to provide leadership and engage in discussion on a varied range of global insurance issues and activities through bilateral and regional dialogues such as these,” Lindeen said. “The U.S. and the EU have a long-standing transatlantic partnership on insurance market regulation and supervisory cooperation which preceded and survived the financial crisis. I predict these ties will grow even deeper as our economies and insurance markets become even more connected.”
Leading various panel discussions were NAIC President-Elect and Missouri Insurance Director John M. Huff, Florida Insurance Commissioner Kevin M. McCarty and NAIC CEO Senator Ben Nelson. Representatives from the Federal Insurance Office (FIO) of the U.S. Department of the Treasury, the European Insurance and Occupational Pensions Authority (EIOPA) and the United Kingdom Prudential Regulation Authority (PRA) also presented at the meeting.