House Blocked from Passing NFIP Extension for Second Time

The National Flood Insurance Program (NFIP) is now on the brink of lapse just as hurricane season is beginning, due to an objection to two bills in the House of Representatives that would have extended it. The Senate has already passed both bills, so they only await House action and the signature of the President. …

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PIA Top Priority FIO Repeal Introduced in Senate

PIA National is pleased that Senator Ted Cruz (R-TX) today introduced S. 1586, the “Federal Insurance Office Abolishment Act” in the Senate. This legislation is a companion bill to H.R. 1862 by Rep. Alex Mooney (R-WV), which was introduced in the House earlier this year. PIA National worked closely with Senator Cruz to develop this …

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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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