The Professional Insurance Agents of Wisconsin (PIAW) has established a brand new award in recognition of Wisconsin legislators who reveal their dedication to enhancing the insurance coverage sector, with state meeting member Kevin Petersen being named as its first recipient.
PIAW mentioned the Legislative Excellence Award was created to acknowledge the accomplishments of lawmakers which have demonstrated their help for key trade points, in addition to holding the state “a flourishing place for independent agents to do business.” It shall be given yearly to a member of every legislative home, with the PIAW Legislative Committee choosing recipients via an analysis of legislators’ contributions in the course of the session and all through their legislative profession.
The first meeting member to obtain the award is Kevin Petersen (pictured above, middle). He is vice-chair of the meeting committee on insurance coverage and was not too long ago elected as Assembly Speaker Pro Tempore.
Representative Petersen authored 2021 Wisconsin Act 73, which introduces new requirements for insurance coverage cybersecurity in Wisconsin. The act was derived from mannequin laws by the National Association of Insurance Commissioner and was thought-about a precedence challenge for PIAW in the course of the 2021-2022 legislative session.
Former PIAW president Julie Ulset introduced the award to Peterson on the State Capitol earlier this week with different PIAW Legislative Committee members in attendance.
“This session, Representative Petersen helped enact important legislation for insurance cybersecurity,” mentioned Ulset. “He worked continuously over multiple sessions to create a final bill that will protect consumer data and help to keep the insurance industry strong. We look forward to working with him in his future roles.”
PIAW is a commerce affiliation comprising unbiased brokers and different insurance coverage professionals. It supplies skilled schooling, advocacy, and different providers all through the state. Last 12 months, it had voiced its help for laws trying to abolish the Federal Insurance Office.
“Wisconsin’s Office of the Commissioner of Insurance does a better job of overseeing the industry and protecting consumers than federal regulators ever could,” mentioned PIAW government director Peter Hanson in 2021. “The FIO represents an ill-conceived power grab.”