|
- Insurance Topics | Federal Insurance Office | NAIC
Background The Federal Insurance Office (FIO) was established by Title V of the federal Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 (Dodd-Frank) The FIO is housed within the U S Department of the Treasury and is headed by a director who is appointed by the secretary of the Treasury The office provides expertise on insurance matters to the Treasury Department and other
- May 2025 Eliminate the Federal Insurance Office
The Federal Insurance Office (FIO) was established in 2010 under the Dodd-Frank Wall Street Reform and Consumer Protection Act Operating within the U S Department of the Treasury, FIO was tasked with monitoring the insurance industry, identifying regulatory gaps, and representing the United States in international insurance matters
- The New Federal Insurance Office
The FIO does have some important duties It is charged with monitoring all aspects of the insurance industry and identifying issues or gaps in regulation that could contribute systemic risk It is authorized to monitor the extent to which underserved communities have access to affordable insurance products It serves as a non-voting member of the Financial Stability Oversight Council, which
- NAIC Responds to FIO’s Climate-Related Financial Risk Data Collection . . .
The National Association of Insurance Commissioners (NAIC) has sent a letter to the U S Department of the Treasury in response to its Federal Insurance Office’s (FIO) request for comment on a proposed data collection from property and casualty insurers regarding underwriting data on homeowners’ insurance to assess climate-related financial risk Read the letter
- NAIC Announces 2025 Federal Legislative and Regulatory Priorities
Today, the National Association of Insurance Commissioners (NAIC) announced its 2025 federal legislative and regulatory priorities, which are focused on further strengthening the national system of state-based insurance regulation in the United States These priorities aim to foster an innovative, competitive, and secure insurance marketplace, enhance access to insurance to safeguard the
- Financial Reform FIO
Dodd-Frank Financial Services Regulatory Reform: NAIC Initiatives Federal Insurance Office (FIO) Title V of the Dodd-Frank Wall Street Reform and Consumer Protection Act established a Federal Insurance Office (FIO) within the Department of the Treasury to: Collect and analyze information regarding the insurance industry; Assist the Financial Stability Oversight Council (FSOC) in identifying
- Property Casualty Insurance Market Intelligence Data Call
2024 Key Dates March 8, 2024 Letter sent to companies June 6, 2024 Data due from companies Insurance regulators have agreed to participate in a property and casualty market intelligence data call to collect data related to homeowners insurance This data will assist state insurance regulators in better understanding homeowner insurance markets at a state and ZIP Code level, including how
- States Issue Property Casualty Market Intelligence Data Call . . . - NAIC
NAIC Members also have agreed to share an anonymized subset of the data collected with the U S Department of the Treasury’s Federal Insurance Office (FIO) to avoid undue duplication of efforts and compliance burdens on the U S insurance industry Access the public Property Casualty Market Intelligence Data Call webpage here
|
|
|