NAII PRESIDENT SEES INCREASED CLOUT AFTER MERGER.The proposed merger of the National Association of Independent Insurers and the Alliance of American Insurers would bring increased influence to the property/casualty industry at a time of increased pressure from Congress, NAII NAII National Association of Independent Insurers President Jack Ramirez told the association's annual meeting Nov. 11. Merger into a proposed National Association of Property Casualty Insurers "would instantly vault the new organization into a commanding position in the industry," he told the gathering in Atlanta. And although both NAII and the Alliance have been staunch defenders of state regulation up to this point, Ramirez indicated times may be changing. The proposed "would be an enormous leap forward in the quest" for united property/casualty industry, Ramirez said. "And the need for a unified industry has never been greater," he said. "With each passing year, the pressure increases for more federal involvement in the regulation of the business of insurance," he said. NAII has worked for reforms at the state level with some success, he said. "But quite frankly time is running out. That's not a position, that's a prediction. "Currently the industry is dividing in to three camps - those who want an optional federal charter, those who want no federal involvement under any circumstances, and those who want federal standards for state regulation. . . "The debate is shifting in Congress from one of whether there should be federal intervention to one of what form that intervention should take," he said. The American Council of Life Insurers The American Council of Life Insurers (ACLI) is a Washington-based lobbying and trade group for the life insurance industry. ACLI represents 373 insurance companies that account for 93 percent of the U.S. life insurance industry's total assets. and one property/casualty trade association, the American Insurance Association, favor an optional federal charter, as does the Council of Insurance Agents and Brokers. The Independent Insurance Agents & Brokers of America have proposed that instead of imposing federal regulation on the industry, Congress set standards for state regulation. Ramirez said the board is analyzing that approach. In other action at the Atlanta meeting, members re-elected as NAII chairman William T. Pollard, executive vice president and general manager of the North Carolina Farm Bureau Mutual Insurance Co. The action was taken to ensure continuity during merger talks. Harvey R. Pierce, chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of American Family Insurance American Family Insurance Group (aka "AmFam") is a private mutual company which focuses on property, casualty and auto insurance, but also offers commercial insurance, life, health, and homeowners coverage, as well as investment and retirement-planning products. Co., was elected first vice chair. Elected to serve three-year terms on the board were: * Joe Desmond, chairman and CEO, Concord General Mutual Insurance Group. * James Pouliot, president and CEO, California State Automobile Association The California State Automobile Association is a motor club dedicated to improving roads, proposing traffic laws and improvement of overall driving conditions. It was founded in 1907 as an offshoot of the Automobile Club of Southern California (ACSC) to serve members in Northern . * John D. Blackburn Born in Cullercoats, Northumberland in 1949, the second son of Thomas and Mary Blackburn, he is a graduate of the London School of Economics (1971), scholarship holder at the Institut für Höhere Studien und Wissenschaftliche Forschung, Vienna and fellow of the University of Birmingham. , CEO, Country Insurance & Financial Services. * Jeffry A. Ludrof, president and CEO, Erie Insurance Group Erie Insurance Group, (NASDAQ: ERIE) is a multi-line insurance company, offering auto, home, commercial and life insurance through a network of independent insurance agents. . * William J. Oddy, CEO, FLB FLB Funny looking beat Medtalk Slang for indeterminate or chaotic aberrancies on an EKG that are not readily recognized Financial Group. * William B. Moll, president, GMAC GMAC General Motors Acceptance Corporation GMAC Graduate Management Admission Council GMAC Give Me A Call GMAC Genetic Manipulation Advisory Committee GMAC Genetic Modification Advisory Committee (Singapore) GMAC Give Me A Chance Insurance Group. * Catherine A. Rein, president and CEO, MetLife Auto & Home Group. * Michael E. Keyes, president and CEO, Oregon Mutual Insurance Co. * Gerald D. Stephens, chairman, RLI Insurance Co. * Anthony J. Warren, president and CEO, West Bend Mutual Insurance. |
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