Original source: https://home.treasury.gov/news/press-releases/sm688
Our intent is to access the net everyday to guide you to understand to the importance of having a Property Damage Adjustment Consultant on your side. Take a look at this article we found.
U.S. Department of the Treasury (05/13/19)
At the National Association of Insurance Commissioners’ (NAIC) International Forum,” Treasury Secretary Steven Mnuchin stated,”Treasury coordinates together with the nations, their insurance supervisors, along with the NAIC to a number of significant issues, ranging from our work with global standard-setting bodies to our government of the terrorism risk insurance plan. We are pleased to continue this productive relationship as we focus on the vital policies and issues — both domestic and global — facing the U.S. insurance sector. … With respect to our job in these global standard-setting bodies, the U.S. agents should advocate strongly and together for development of international standards that reflect the U.S. regulatory arrangement.” Among other things, he spoke three key regions of focus for Treasury on the Insurance Capital Standard frame, noting,”In this broader context of group capital, it is also important that the Federal Reserve along with the NAIC continue organizing and making improvements within their respective domestic group funding initiatives. … Progress on both these fronts may even help Team USA’s collective advocacy for our U.S. state-based system and regulatory approach at the [International Association of Insurance Supervisors].” Related Story: Politico Pro (subscription)… Read More
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