AIA Applauds Office of National Insurance

The American insurance Association applauded the Obama administration's release of legislation creating an Office of National Insurance (ONI) as a way to build a "strong federal knowledge base" on the industry.American Insurance Association (AIA) President Leigh Ann Pusey praised the plan in a response to last week's release by the U.S. Treasury Department of the first specifics for the insurance component of President Obama's call for an overhaul of regulation of the financials services sector.So far, President Obama has stopped short of backing AIA's call to create an optiona...