Appointment of Commissioner Monica J. Lindeen to the Federal Insurance Office Advisory Committee
November 2, 2011
Today, Montana Commissioner of Securities and Insurance Monica J. Lindeen was appointed to the Federal Advisory Committee on Insurance, a 15-member panel that will provide advice to the U.S. Treasury's Federal Insurance Office (FIO). The FIO was established as a part of the Dodd-Frank Wall Street Reform and Consumer Protection Act to monitor the insurance industry and identify issues that could lead to systemic risk in our nation's insurance industry and financial system.
A quote from Commissioner Lindeen follows below. Click here to read the press release from the U.S. Department of the Treasury announcing the appointment
"I'm honored to serve on the Advisory Committee to the Federal Insurance Office. As a state regulator, I know how important it is speak up for consumers make industry play by the rules. The Federal Insurance Office has a monumental task before it in spotting systemic risk, also known as the too-big-to-fail syndrome. I look forward to working with my colleagues from around the country to come up with proactive solutions to prevent economic disasters like the one we're still recovering from."