Federal Advisory Committee on Insurance (FACI) To Evaluate National Workers’ Compensation Market Regulatory Trends, Auto Insurance Affordability Definition at August 6, 2015 Meeting
Jul 22, 2015
Above: Colodny Fass’ Donovan Brown Notes Federal Advisory Committee on Insurance Meeting Scheduled for August 6
An overview of the national workers’ compensation market and the issue of affordability of personal auto insurance will headline the agenda for the Federal Advisory Committee on Insurance (“FACI”) for its scheduled meeting on August 6, 2015 in Washington D.C.
Pursuant to Colodny Fass’ conversations with FACI, the workers’ compensation trends and regulatory framework discussion will include a detailed focus on workers’ compensation “opt-out“ legislation, which has been recently considered and/or enacted in states such as Oklahoma, Tennessee and South Carolina.
The FACI is inviting public comment on this and other issues on the agenda, which will include the Federal Insurance Office’s proposed definition of affordability of personal auto insurance, as well as additional perspectives on retirement security and the Public Consultation Document on Higher Loss Absorbency Capacity for Global Systemically Important Insurers released by the International Association of Insurance Supervisors.
The three FACI subcommittees will also provide reports. The Subcommittees focus on:
- Affordability and Accessibility of Insurance
- Domestic Prudential Issues
- International Development
To access the FACI Web page on the U.S. Treasury Web site, go to: http://www.treasury.gov/initiatives/fio/Pages/faci.aspx
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