John Koetz, president of W.E. Davis Insurance Agency, Columbus, appeared before the Ohio House Insurance Committee on April 15 to support a resolution for Ohio to formally oppose any new layers of needless federal bureaucracy to insurance regulation. Representing the Professional Insurance Agents Association of Ohio (PIA), Koetz testified that insurance regulation best serves consumers and the industry the way it is, with policy and regulatory decisions made at the state level.

“Ohio enjoys a healthy insurance market that provides insurance consumers with the 13th lowest average auto insurance rates and the 6th lowest homeowners insurance rates in the nation,” said Koetz. “It’s important for us to send a strong message to Congress that Optional Federal Charter legislation is the wrong move for the industry and the wrong move for consumers.”

The resolution, HCR 34, is sponsored by Rep. Bill Batchelder (R-Medina). Koetz is a past-president and long-time member of PIA of Ohio.

PIA Opposes Needless Federal Bureaucracy (PIA of Ohio 4/15/08)

April 22, 2008