Keeping watch.AS the November 2006 U.S. elections approach, insurers are paying close attention to numerous races, knowing the industry has much at stake. At the state level, "they're all important to us because we are a state regulated industry" said John Lobert, senior vice president, state government relations, of the Property Casualty Insurers Association of America. "The future of insurance rate regulation is of key importance. It takes a strong commissioner to ask the governor to move the industry into the 21st century." Insurance regulation is also an issue at the national level. "If the Democrats take control of the House, insurance regulatory reform Regulatory Reform concerns improvements to the quality of government regulation. At the international level, the "OECD Regulatory Reform Programme is aimed at helping governments improve regulatory quality -- that is, reforming regulations that raise unnecessary obstacles to will be at risk" said Ben McKay Eric Charles 'Ben' McKay (29 December, 1918 in Cambridge, Tasmania - 11 July, 1976, Hobart) was an independent member of the Tasmanian Legislative Council from 9 May, 1959 until his death in the Electoral division of Pembroke. , PCI (1) (Payment Card Industry) See PCI DSS. (2) (Peripheral Component Interconnect) The most widely used I/O bus (peripheral bus). senior vice president, federal government relations. "It will doom both the SMART Act and optional federal charter in their current form." A key senatorial sen·a·to·ri·al adj. 1. Of, concerning, or befitting a senator or senate. 2. Composed of senators. sen race for the industry is in Washington state between incumbent Sen. Maria Cantwell Maria E. Cantwell (born October 13, 1958) is the junior United States Senator from the state of Washington and is a member of the Democratic Party. Previously she served in Washington House of Representatives and one term as member of the United States House of Representatives and Mike McGavick Michael S. "Mike" McGavick (born February 7, 1958 in Seattle, Washington) is a former American business executive and a graduate of the University of Washington. McGavick was a Republican candidate for the US Senate seat held by Maria Cantwell in the 2006 election, but , former chief executive officer of Safeco, McKay said. "Having knowledgeable people on the Hill, like McGavick with his insurance background, is good for the industry. If he wins that seat, that will guarantee the Republicans hold the Senate," he said. The Massachusetts gubernatorial race is significant for the industry because of automobile insurance reform, Lobert said. "Gov. Mitt Romney  This article or section contains information about one or more candidates in an upcoming or ongoing election.Content may change as the election approaches. has been supportive of auto reform. With Romney going out of office, will the new governor be interested in keeping reform going?" he said. Best's Review's coverage of gubernatorial and insurance commissioner races, as well as previews of important state ballot issues, state Supreme Court races and possible changes in key committees of the House of Representatives and Senate, begins on page 26. Best's Review Wins Award The Insurance and Financial Communicators Association has presented an Award of Excellence in the Creativity Article category to "Reach for the Stars" by Meg Green in the March 2005 issue of Best's Review. I.F.C.A. is an international organization that promotes the professional development of its members in life insurance and related financial services communications. Sally Whitney is editor. You may reach her at (908) 439-2200, Ext. 5340, by writing to A.M. Best Co., Ambest Road, Oldwick, NJ 08858, or by e-mail at sally.whitney@ambest.com. The e-mail address for Best's Review is bestreview@ambest.com. |
|
||||||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion