Indiana State University Newsroom

The chairwoman of a House subcommittee on insurance and a member of the Senate Banking Committee will headline an insurance industry summit examining the effects of the Dodd-Frank Act.

Rep. Judy Biggert, R-Ill., chair of the Subcommittee on Insurance, Housing and Community Opportunity of the House Financial Services Committee, and Sen. Jack Reed, D-R.I., chair of the Subcommittee on Securities, Insurance and Investment, will be among the speakers at the seventh annual Insurance Reform Summit sponsored by Networks Financial Institute at Indiana State University. In addition to Biggert and Reed, the event will feature speeches and panels by many of the biggest names in the insurance industry and academia providing insight about the impact of the Dodd-Frank Wall Street Reform and Consumer Protection Act, particularly the forthcoming report to Congress by the new Federal Insurance Office.

"Perhaps we are in a temporary quiet between the storm walls," said Terrie Troxel, executive director of NFI. "There was great debate surrounding the law's purpose and scope. Since its enactment last year, of course, the political landscape has changed, especially in the House of Representatives. We will see which way the winds now blow as we move into the future of studies by the FIO and more discussion in Congress about the next steps."

Several industry leaders and regulators will speak, including Susan Voss, Iowa Insurance Commissioner and President of the National Association of Insurance Commissioners; Leigh Ann Pusey, President and CEO of the American Insurance Association; Gov. Dirk Kempthorne, President and CEO of American Council of Life Insurers; and John Huff, Missouri Insurance Director and member of the Financial Stability Oversight Council. Researchers including Scott Harrington, the Alan B. Miller Professor in the Wharton School at the University of Pennsylvania and Peter J. Wallison, the Arthur F. Burns Fellow in Financial Policy Studies at the American Enterprise Institute for Public Policy Research, will also present.

The Summit will take place from 8 a.m. to 2 p.m. on March 16 in the Ronald Reagan Building and International Trade Center in Washington, D.C. More information on the Summit, as well as NFI, is available at: www.isunetworks.org.

About NFI: NFI, an institute within the Scott College of Business at ISU, was founded in 2003 through a grant from Lilly Endowment, Inc. NFI strives to facilitate broad, collaborative thinking, dialogue and progress in the evolving financial services marketplace, focusing on the areas of education, outreach and research.

Contact: Elaine McVay, marketing and communications manager, Networks Financial Institute, Indiana State University, 812-237-4178 or elain.mcvay@indstate.edu.