Filed Under:Carrier Innovations, Regulation/Legislation

McRaith to Face Lawmakers' Questions over How FIO Represents U.S. Interests Abroad

Corrected 5:22 p.m.

A House Financial Services Committee subcommittee, under pressure from domestic insurance interests, is expected to demand that Federal Insurance Office Director Michael McRaith pressure European regulators to bend policy more to the liking of U.S. insurers. 

The June 13 Housing and Insurance Subcommittee hearing comes as the International Association of Insurance Supervisors prepares its final list of global systemically important insurers, and lawmakers will also ask what U.S. governance representatives are doing to shield U.S. insurers from being designated as globally systemically important insurers. 

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