Big "I" Leader Named to Federal Reserve Board Committee
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Angela Ripley will serve a three-year term on inaugural committee advising on insurance issues
WASHINGTON, D.C. – The Independent Insurance Agents & Brokers of America (the Big “I”) is proud to announce that Angela Ripley, Government Affairs Committee chair, has been named to the Federal Reserve Board’s Insurance Policy Advisory Committee (IPAC).
The Economic Growth, Regulatory Relief, and Consumer Protection Act of 2018 established the inaugural 21-member IPAC to provide information, advice and recommendations to the Federal Reserve Board on domestic and international insurance issues. The Dodd-Frank Wall Street Reform and Consumer Protection Act granted the Federal Reserve very limited regulatory authority within the insurance sector. It regulates Depository Institution Holding Companies with insurance operations and insurance companies designated as systemically important by the U.S. Financial Stability Oversight Council. Ripley participated in IPAC’s first meeting this week in Washington, DC.
“We are so pleased that Angela has been appointed to serve on the first Insurance Policy Advisory Committee,” says Charles Symington, Big “I" senior vice president of external, industry and government affairs. “She is well-qualified to represent the voice of independent agents on this important new board.”
Ripley will serve a three-year term, bringing to the position more than 25 years of experience as a licensed property and casualty, life and health insurance agent. She has served as Big “I” Government Affairs Committee chair since 2017 and serves on the national Board of Directors of the Big “I.” She is president of VW Brown Insurance Service in Columbia, Maryland and has been Maryland state InsurPac chair since 2011.
“I am grateful for the opportunity to offer my insurance experience and passion in guiding the Board on broad policy decisions,” says Ripley. “Honesty, integrity and dedication have been the driving forces in my career. I will seek to foster these principles during my time on the Committee and look forward to representing the interests of the Big ‘I’ in this new role in promoting and protecting the state regulatory system during my service.”
Founded in 1896, the Independent Insurance Agents & Brokers of America (the Big “I”) is the nation’s oldest and largest national association of independent insurance agents and brokers, representing more than 25,000 agency locations united under the Trusted Choice brand. Trusted Choice independent agents offer consumers all types of insurance—property, casualty, life, health, employee benefit plans and retirement products—from a variety of insurance companies.
