RMI Conference in D.C. Tackles Insurance Regulation
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Martin Grace, James S. Kemper Professor of Risk Management, Professor of Legal Studies and Associate Director of Robinson's Center for Risk Management Insurance and Research | July 22, 2008 – (ATLANTA) – The Future of Insurance Regulation was the focus of a conference cosponsored by the Department of Risk Management and Insurance and the J. Mack Robinson College of Business, the American Enterprise Institute, and the Brookings Institution on July 9 in Washington, D.C.
The conference focused on the reform of the system for insurance regulation in the U.S., which has received increasing attention with the issuance of a Treasury Department plan to revamp the Federal regulatory structure for financial services, including insurance. A principal topic of the conference was a proposal for creating an Optional Federal Charter (OFC) for insurance companies and agents—a proposal that Congress has been debating for several years and is now a component of the Treasury plan. The conference also examined the reform of insurance regulatory policies and the implications of an OFC for international trade in insurance and financial convergence.
Among those making presentations at the day-long event were Martin Grace, James S. Kemper Professor of Risk Management, Professor of Legal Studies and Associate Director of Robinson's Center for Risk Management & Insurance Research; and Robert Klein, Associate Professor and Director of the Risk Management and Insurance Department. Also speaking was Robinson Professor Emeritus Harold Skipper.
In addition to an introductory presentation, Klein moderated a panel titled "The Framework for Insurance Regulation," which included a presentation by Grace. Grace and Klein also teamed up to discuss "Insurance Regulation: The Need for Policy Reform." Skipper's presentation dealt with "An Evaluation of U.S. Insurance Regulation in a Competitive World Insurance Market."
Also on the agenda were speakers from the University of Pennsylvania, the Department of the Treasury, the University of Chicago and the National Association of Insurance Commissioners, among others.
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The largest business school in the South and part of a major research institution, the J. Mack Robinson College of Business at Georgia State University is located in Atlanta, an epicenter of business and a gateway to the world. With programs on four continents and students from 150 countries, the College is both worldwide and world class. Its part-time MBA program is ranked number five in the nation and has been in the top 10 for 13 consecutive years. The College has 200 faculty, 7,400 students and 65,000 alumni. Noted for an emphasis on educating leaders, the Robinson College and Georgia State have produced more of Georgia's top executives with graduate degrees than any other school in the nation.
