The Federal Reserve Board has appointed seven members, including three new members, to its Insurance Policy Advisory Committee (IPAC). The IPAC was established by the Economic Growth, Regulatory Relief, and Consumer Protection Act to provide information, advice, and recommendations to the Board on domestic and international insurance issues. The new members bring expertise in the insurance industry, with backgrounds in law, finance, and insurance. The IPAC is responsible for providing the Federal Reserve Board with insight and guidance on insurance-related matters, helping to inform the Board’s decisions on policy and regulation. This appointment is intended to ensure that the Board has access to a diverse range of perspectives and expertise as it continues to shape the financial landscape.
