The Treasury Department has announced the 15 members of theFederal Advisory Committee on Insurance (FACI), which is chargedwith advising the newly created Federal Insurance Office—but statelegislators are upset they aren't being represented.

|

While members include regulators, industry representatives and aconsumer advocate, officials did not accept an application fromState Rep. George Keiser, R-N.D., president of the NationalConference of Insurance Legislators.

|

"I am disappointed in the FACI selection process," says Keiser,who adds the committee "is overrepresented by regulators at theexpense of legislators."

|

P&C company representatives on FACI are ChristopherMansfield, senior vice president and general counsel of LibertyMutual Group, and John Degnan, senior advisor to the CEO of theChubb Corp. and the company's former COO.

|

Agent and broker representatives include Brian Duperreault,president and CEO of the Marsh & McLennan Cos., and LorettaFuller, CEO of Insurance Solutions Associates.

|

Sean McGovern, a director and general counsel of Lloyd's NorthAmerica, is the panel's international representative.

|

Serving as the consumer representative is Birny Birnbaum, aneconomist and executive director of the Center for EconomicJustice.

|

Michael E. Sproule, New York Life Insurance Co. executive vicepresident and CFO, represents the life insurance industry.

|

Also on the committee is Scott E. Harrington, a professor in theHealth Care Management and Insurance and Risk Managementdepartments at the Wharton School, University of Pennsylvania.

|

Regulator representatives are Benjamin Lawsky, New Yorksuperintendent of Financial Services; Thomas Leonardi, Connecticutcommissioner; Michael Consedine, Pennsylvania commissioner;Jacqueline Cunningham, Virginia commissioner; Bill White, Districtof Columbia commissioner; Monica Lindeen, Montana commissioner ofSecurities and Insurance and state auditor; and Theresa Miller,administrator of the Oregon Insurance Division.  

Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.