2013-09-30 22:24:04 -
WASHINGTON, D.C., September 30, 2013 - Leigh Ann Pusey, president and CEO of the
American Insurance Association (AIA), issued the following statement regarding
Rep. Spencer Bachus' (R-AL) announcement today that he will not seek re-election
Ms. Pusey's statement follows:
"On behalf of AIA and our member companies, we are deeply appreciative of Rep.
Bachus for his years of public service and his leadership. Throughout his
tenure on the House Financial Services Committee, and especially during his
Chairmanship, Rep. Bachus developed a unique expertise and insight on the
challenges facing the financial services sector.
"He led the Committee following the enactment of the Dodd-Frank Act and helped
navigate a challenging regulatory environment during its initial implementation.
Rep. Bachus has a strong appreciation for the issues facing the property-
casualty insurance industry and
a solid understanding of the important role
insurance plays for American consumers and businesses alike.
"AIA looks forward to our continued work with Representative Bachus in his role
a Chairman Emeritus of the House Financial Services Committee."
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Source: American Insurance Association via Thomson Reuters ONE