American Insurance Association
What Does American Insurance Association Mean?
The American Insurance Association (AIA) is an organization primarily made up of insurance companies that sell property and casualty insurance policies. As of 2016, it has 350 insurance companies registered as members. The organization advocates for legislation at both the federal and state levels to protect and enhance the insurance industry.
Insuranceopedia Explains American Insurance Association
The AIA was founded in 1866 as the National Board of Fire Underwriters. It later merged with the Association of Casualty and Surety Companies to form the present-day AIA. Its headquarters are located in Washington, D.C.
The AIA closely monitors Congress, the judiciary, and insurance regulators to ensure that laws protect its members. It also leverages its resources to lobby for the passage of laws favorable to the industry. Additionally, it has a legal department prepared to defend members in legal disputes. Its information resources are also utilized by lawmakers in crafting insurance-related legislation.
