About AEI My AEI Support AEI Contact AEI
Home Events Books Short Publications Research Areas Scholars & Fellows


Search


FindAdvanced Search

Browse all events by:
- Date
- Subject
- Event Materials
- Title

Upcoming Events
Past Events
Event Series
Viewing AEI Webcasts
Listening to AEI Podcasts
Speeches
Government Testimony

E-NEWSLETTERS
Enter e-mail:
 

Home >  Events >  Will an Optional Federal Charter for Insurers Increase International Insurance Competition?
Will an Optional Federal Charter for Insurers Increase International Insurance Competition?
Print Mail
Start:  Thursday, December 20, 2007  2:00 PM
End:  Thursday, December 20, 2007  4:00 PM
Location:  Wohlstetter Conference Center, Twelfth Floor, AEI
1150 Seventeenth Street, N.W., Washington, D.C. 20036
Directions to AEI

Thus far, the debate about an optional federal charter for insurance companies has focused primarily on whether and how federal regulation of U.S. insurers will improve services for insurance consumers in the United States. But insurance, like banking and securities, is increasingly becoming a globalized market. U.S. insurers are increasingly diversifying their risks by offering their services abroad, and the reinsurance business model requires worldwide geographic diversification. In addition, non-U.S. insurers and reinsurers who would like to compete in the United States complain that entry to the U.S. market is cumbersome and costly because of the fifty-state regulatory system. Globalization of markets requires that regulators coordinate their policies; this is difficult for the United States because no one authority--even the National Association of Insurance Commissioners (NAIC)--can make binding commitments about U.S. regulatory policies. Are these obstacles depriving U.S. consumers of the benefits of international competition? If so, can they be overcome by the states or the NAIC? If not, is an optional federal charter a necessary response to a globalizing market?

1:45 p.m. 
Registration
 
 
 
 
2:00 
Introduction
Peter J. Wallison, AEI
 
 
 
2:15 
Presenter:  
Roger Ferguson, Swiss Re
 
 
 
 
Discussants
Alessandro Iuppa, Zurich North America
 
 
Bradley Smith, American Council of Life Insurers
 
 
Tom Hampton, D.C. Department of Insurance, Securities and Banking Supervision
 
 
 
 
Moderator:  
Peter J. Wallison, AEI
 
 
 
4:00 
Adjournment
 

More Information
Karen Dubas
American Enterprise Institute
 1150 Seventeenth Street, N.W.
Washington, DC  20036
Phone: 202-419-5212
E-mail: karen.dubas@aei.org

Media Inquiries
Veronique Rodman
American Enterprise Institute
 1150 Seventeenth Street, N.W.
Washington, DC  20036
Phone: 202-862-4870
E-mail: VRodman@aei.org


Event Materials
  Transcript
  Audio
  Video
Related Material
Speaker biographies
Wallison: Introduction  
Ferguson: Power-Point  
ACLI Treasury Letter  
AIA Treasury Letter  
NAIC Treasury Letter  
Wallison: FSO Response to the Treasury, Part I  
Wallison: FSO Response to the Treasury, Part II  
Zurich Treasury Letter  
Iuppa: Testimony  
Smith: OFC "Straight Facts about the National Insurance Act of 2007"  
Wallison: FSO Optional Federal Charter for Insurers  
Zurich: White Paper