AIA: Class Action/Aftermarket Parts

The American Insurance Association (AIA) will urge state insurance legislators to encourage states to allow options for insurers that use aftermarket crash parts and to make strides toward civil justice reform during this weekend‘s National Conference of Insurance Legislators (NCOIL) meeting. AIA will also participate in a credit-based insurance scoring hearing and propose amendments to surplus lines licensing bonds. In addition, Peter Lefkin, senior vice president of government affairs for Fireman‘s Fund and chair of AIA‘s government affairs committee, will discuss the need for a federal backstop for future terrorism-related losses. The NCOIL Property-Casualty Insurance Committee will hold a hearing to consider input on the Certified Aftermarket Crash Parts Model Act, proposed legislation that was adopted by the committee last February.