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A.M. BestTV: Heads of Industry Associations Set 2017 Washington Agenda: Taxes, Flood, DronesIn this A.M.BestTV episode, a panel of industry association leaders from the property/casualty, reinsurance and mutual insurance sectors believe fundamental changes in taxation and the federal flood program could benefit insurers. Drone regulations will be up for renewal as well. Click on http://www.ambest.com/v.asp?v=pcjf3117 to view the entire program. Leigh Ann Pusey, president and chief executive officer, American Insurance Association, spoke about how the Trump Administration might impact the insurance industry. "We are encouraged in the broader regulatory realm, the tax realm, and obviously, health care is going to change," said Pusey. "For our industry uniquely, there are going to be some real opportunities to enhance the dialogue about how private sectors can work with government in addressing some of our biggest societal challenges." Frank Nutter, president, Reinsurance Association of America, discussed the future of tax reform. "Clearly Congress is going to engage in a tax reform discussion. The industry has a very collegial relationship, and would like to see that the current structure of the tax code remains in place and that it is not subjected to any unfair or burdensome tax." Charles Chamness, president and chief executive officer, National Association of Mutual Insurance Companies, said he had some concerns surrounding the Federal Aviation Administration's (FAA) drone regulations. "We have a major growing stake around not only using drones as an industry but also insuring them. The industry has been working collaboratively to make sure the FAA gets it right," said Chamness. Recent episodes of A.M.BestTV include:
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