Lee-Ann-Pusey, AIA

Legislation and regulation, in the U.S. and internationally, remain top issues for the insurance industry. Here, World Risk and Insurance News (WRIN.tv) speaks with Leigh Ann Pusey, President & CEO of the American Insurance Association (AIA) about these and other issues. Ms. Pusey is considered by many to be a Washington insider. Here she says tax reform, cyber risk, foreign trade and tort reform are the top issues on the legislative agenda following the 2014 election.

On the international front, Ms. Pusey says the International Association of Insurance Supervisors (IAIS) has published several documents receiving a lot of attention in the insurance industry.  She differentiates the capital –setting standards objectives of the IAIS from those of U.S. regulators.   She says the U.S. is well represented in the global conversation on capital standards by “Team USA”, with the Federal Reserve and Treasury informed by State regulators. Working together “Team USA” is discerning what can be applied domestically, and globally. Ultimately,  she believes all regulators want to implement standards “in a way that maintains a competitive playing field.”

Tax reform, cyber risk, foreign trade and tort reform on legislative agenda post-2014 election

IAIS and Team USA (w/Fed, Treasury and NAIC) work toward global capital standards 

AIA’s Pusey sees regulation, capital standards, Federal oversight, cyber and tax reform as top issues for 2015

To see what more of Ms. Pusey’s thoughts on the top insurance industry issues for 2015, click here.  And for more information on the Joint Industry Forum, visit the WRIN.tv On Demand Library.

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