House Passes NFIP Extension Legislation

The National Flood Insurance Program (NFIP) will expire on May 31, 2019 unless Congress acts. The history of NFIP extensions has been messy. The program was extended 17 times between 2008 and 2012, when the previous five-year reauthorization was signed into law. Currently, the NFIP is on its 10th short-term extension since late 2017. The …

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States Enact Data Security Measures: Michigan and Mississippi

The National Association of Insurance Commissioners (NAIC) Insurance Data Security Model Law (MDL-668) was finalized in October 2017 and subsequently passed in South Carolina, Ohio, Michigan, and Mississippi. Moreover, the NAIC model borrowed heavily from the New York Department of Financial Services Cybersecurity Regulation (23 N.Y.C.R.R. Part 500). The NAIC’s 2017 passage of MDL-668 set the stage …

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PIA National: Support for State Insurance Regulation Needs Action, Not Words

PIA National has been leading the insurance industry’s efforts to repeal the Federal Insurance Office (FIO). We helped develop FIO repeal legislation, which was introduced in this Congress by Rep. Alex Mooney (R-WV). PIA National has continued our advocacy by sending a letter of support, providing an action alert for PIA members to send to …

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States Enact Data Security Measures: Ohio

The National Association of Insurance Commissioners (NAIC) Insurance Data Security Model Law (MDL-668) was finalized in October 2017 and subsequently passed in South Carolina, Ohio, Michigan, and Mississippi. Moreover, the NAIC model borrowed heavily from the New York Department of Financial Services Cybersecurity Regulation (23 N.Y.C.R.R. Part 500). The NAIC’s 2017 passage of MDL-668 set …

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PIA Defends Auto Insurance Industry in Letter to House

PIA National was joined by other insurance trades in a letter to the House Financial Services subcommittee on Oversight and Investigations in advance of its hearing this week on “Examining Discrimination in the Automobile Loan and Insurance Industries.” This hearing follows legislation (H.R. 1756) introduced by Rep. Rashida Tlaib (D-MI) that would prohibit auto insurance …

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States Enact Data Security Measures: South Carolina

The National Association of Insurance Commissioners (NAIC) Insurance Data Security Model Law (MDL-668) was finalized in October 2017 and subsequently passed in South Carolina, Ohio, Michigan, and Mississippi. Moreover, the NAIC model borrowed heavily from the New York Department of Financial Services Cybersecurity Regulation (23 N.Y.C.R.R. Part 500). The NAIC’s 2017 passage of MDL-668 set …

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PIA National Responds to Senate Banking Request for Data Privacy Feedback

Earlier this year, Senate Banking Committee Chair Sen. Mike Crapo (R-ID) teamed up with Committee ranking member Sherrod Brown (D-OH) to request feedback from interested parties on the privacy, protection, and collection of sensitive information by financial regulators and private companies. In the leaders' statement accompanying the solicitation, they cited the Equifax breach as an …

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