Recent Bills Threaten State Insurance Regulation

Recent Congressional activity has included the consideration of bills that threaten the effective state insurance regulatory system. First, the American Data Privacy and Protection Act (ADPPA) (H.R. 8152) passed out of the House Energy and Commerce committee earlier this week. The ADPPA would create a national standard for data privacy and, in doing so, preempt …

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Bill Introduced in Senate to Extend NFIP for One Year

Senator John Kennedy (R-LA) recently introduced S. 4533, the National Flood Insurance Program (NFIP) Extension Act of 2022, with Sens. Cindy Hyde-Smith (R-MS), Marco Rubio (R-FL), and Bill Cassidy (R-LA) as cosponsors. The legislation would prevent the NFIP from expiring on September 30, 2022 by extending it for one year until September 30, 2023. Throughout …

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PIA New York Advocates for NFIP Extension, Reform

Members of the PIA of New York met with members of their congressional delegation last week to discuss reauthorization of the National Flood Insurance Program (NFIP). The meetings took place as part of PIA’s rolling year-round 2022 Advocacy Days. PIA NY members noted that Congress must be sure to extend the authorization of the NFIP so …

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Cannabis Safe Banking Passes House as Part of Defense Bill Once Again

The House of Representatives has again passed the SAFE Banking Act, a PIA top priority, for the 4th time this Congress. The SAFE Banking Act would protect insurance agents and carriers from federal prosecution doing business with cannabis-related enterprises in states in which such businesses are legal. Nearly every state has legalized cannabis to some degree. …

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PIA, Business Groups, Oppose Proposed Small Business Tax Hikes

PIA, along with over 190 business groups, wrote to congressional leadership this week to oppose proposed tax hikes on small business owners as part of the newest effort to pass a reconciliation bill this Congress. This renewed effort follows a failed effort in 2021 to pass a more sweeping reconciliation measure. To pay for the …

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FIO Intensifies Inquiry into Climate-Related Insurance Risk

The Federal Insurance Office (FIO) recently sent a preliminary email to insurance regulators in all 50 states, asking what data they have that would show insurance coverage, liabilities, and losses for each ZIP code in their states over the past five years. The data FIO seeks will help the office assess whether insurers are refusing …

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PIA Wisconsin Advocates for 2022 Priorities

Members of the PIA of Wisconsin met this week with members of their Congressional delegation on a number of PIA’s 2022 Issues of Focus: the dangers of federal regulatory overreach into the insurance industry and the need to repeal the Federal Insurance Office (FIO), the importance of making the 20 percent tax deduction for passthrough …

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Wyoming PIA members Advocate on Tax, Flood, and FIO Repeal

PIA members from Wyoming met with the offices of their congressional delegation this week as part of PIA’s 2022 series of year-round, state-specific advocacy events. In their meetings, agents drew lawmakers’ attention to several of PIA’s 2022 Issues of Focus: the dangers of federal regulatory overreach into the insurance industry and the need to repeal the Federal Insurance …

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PIA Michigan Advocates for 2022 Priorities

This week, members of the PIA of Michigan met with the offices of their congressional delegation as part of PIA’s 2022 series of year-round, state-specific advocacy events. In their meetings, the PIA of Michigan members drew lawmakers’ attention to several of PIA’s 2022 Issues of Focus: the dangers of federal regulatory overreach into the insurance industry …

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