PIA Warns of Pitfalls in FIO Bill

The National Association of Professional Insurance Agents (PIA) warned last week it has lingering concerns over the hard-fought compromise to create a Federal Insurance Office PIA warned in a news release that changes to H.R. 2609 by the U.S. House Financial Services Committee didn't allay concerns that the proposed federal agency is a stepping stone to federal regulation of the insurance industry.The panel approved the bill by a voice vote Wednesday after months of wrangling.The final bill, which will be folded into a broader regulatory reform package, got the endorsement of the American ...