Members of the PIA of North Carolina held meetings this week with their congressional delegation as part of PIA’s 2022 Advocacy Days. In their meetings, the PIA of North Carolina highlighted the importance of the state insurance regulatory system and urged their elected representatives to cosponsor legislation to repeal the Federal Insurance Office (FIO). PIA supports …
Continue reading PIA North Carolina Touts State Regulation of Insurance
Members of the PIA of Virginia held meetings this week with their congressional delegation as part of PIA’s 2022 Advocacy Day. In their meetings, the PIA of Virginia explained to their elected representatives why the state insurance regulatory system is successful and why a major threat to that system – the Federal Insurance Office (FIO) -- …
Continue reading PIA Virginia Urges Repeal of Federal Insurance Office
This week, members of the PIA Texas met with the offices of their congressional delegation as part of PIA’s 2022 Advocacy Day. In their meetings, the PIA Texas members 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 …
This week, members of the PIA of Arkansas met with the offices of their congressional delegation as part of PIA’s 2022 Advocacy Day. In their meetings, PIA of Arkansas drew lawmakers’ attention to PIA’s 2022 Issues of Focus, focusing on the dangers of federal regulatory overreach into the insurance industry and emphasized the need to …
Continue reading PIA of Arkansas Urges FIO Repeal During Advocacy Day Meetings
In 2022, PIA will continue its nonstop advocacy efforts on behalf of professional insurance agents by promoting our 2022 Issues of Focus. While the items below are our top priorities for 2022, PIA is always working to promote the interests of our independent agent members, wherever those interests take us. To see a pdf of …
PIA has a long history of supporting the state regulation of insurance and opposing federal insurance oversight. Since 2016, one of our annual top legislative priorities has been the repeal of the Federal Insurance Office (FIO), which was created by the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010. Our advocacy was vital …
Continue reading PIA Objects to FIO Investigation of Climate-Related Insurance Risk
As reported here, earlier this year, the Biden administration assigned new tasks to the Federal Insurance Office (FIO) via an Executive Order on Climate-Related Financial Risk that tasked both the FIO and the Financial Stability Oversight Council (FSOC), another Dodd-Frank creation, with assessing “climate-related issues or gaps in the supervision and regulation of insurers.” On August 31, …
Continue reading FIO Seeks Comments on New Climate-Related Insurance Authority
Ben Cline was elected to the U.S. House of Representatives in 2018 to represent Virginia’s 6th Congressional District. Before he was elected to Congress, Rep. Cline was an attorney in private practice and a member of the Virginia House of Delegates for 16 years. He also served as Assistant Commonwealth’s Attorney for Rockingham County and …
PIA has been leading the effort to repeal the Federal Insurance Office (FIO) for years. On July 30, H.R. 4866, the Federal Insurance Office Abolishment Act of 2021 was reintroduced in the 117th Congress with our strong support. The bill was introduced by Rep. Ben Cline (R-VA) and cosponsored by Rep. Tom Tiffany (R-WI). PIA also supports the Senate version …
The Federal Insurance Office (FIO), created by the 2010 Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank), is an ongoing threat to the state insurance regulatory system. Back in 2016, PIA was the first national insurance association to advocate for the full repeal of the FIO. In pursuit of that work, PIA led the …
Continue reading Biden Administration Gives Federal Insurance Office New Responsibilities
PIA Advocacy Blog 