HARRISBURG, Pa., May 16, 2013 /PRNewswire-USNewswire/ -- Insurance Commissioner Michael Consedine met this week with members of Pennsylvania Congressional delegation in Washington, D.C. to discuss insurance issues affecting the state.
Consedine joined insurance regulators from more than 35 states and territories as they met with representatives from various federal agencies as well as their elected members of Congress. Coordinated by the National Association of Insurance Commissioners (NAIC), the meetings enhance collaboration between state and federal officials.
"The intersection of state and federal policy has never been more critical to the insurance sector as it is right now," Consedine said. "My job is to enforce the insurance laws of Pennsylvania and protect consumers. Part of that role is to ensure that decisions made in Washington are in the best interest of the citizens of Pennsylvania."
Regulators were briefed by Health and Human Services Secretary Kathleen Sebelius and Federal Reserve Board Governor Daniel K. Tarullo. Congressman Randy Neugebauer of Texas, chair of the House Financial Services Subcommittee on Housing and Insurance, also addressed the group.
Subjects discussed included the impact of Dodd-Frank and Affordable Care Act on states, the agenda of the House Financial Services Committee as well international regulatory developments.
Consedine is the NAIC Secretary/Treasurer and has been an officer since 2012.
Rosanne Placey or Melissa Fox, PA Insurance Department, 717-787-3289
Scott Holeman, NAIC, 816-783-8909
The NAIC is the U.S. standard-setting and regulatory support organization created and governed by the chief insurance regulators from the 50 states, the District of Columbia and five U.S. territories. For more information, visit www.naic.org.
SOURCE Pennsylvania Insurance Department