Photo by Beate Vogl on Pexels.com In April, PIA sent a letter to Representatives Brett Guthrie (R-KY) and John Joyce (R-PA), the chairman and vice-chairman of the House Energy and Commerce Committee, in response to their Request for Information (RFI) to explore the development of a federal data privacy and security framework. Earlier this year, the two established …
Continue reading PIA to Congress: Let States Regulate Insurance Data Privacy
In the latest entry of our commissioner spotlight series, we are focusing on the head of Rhode Island’s Department of Business Regulation (DBR), Elizabeth Dwyer. Director Dwyer has led the DBR since 2023, when Governor Dan McKee nominated her for the position. Prior to leading the DBR, Director Dwyer spent over 20 years with the …
Continue reading Commissioner Spotlight: Rhode Island Director Elizabeth Dwyer
Over the past several weeks, both Congress and the National Association of Insurance Commissioners (NAIC) have turned their attention back to data privacy. Congressional Data Privacy Activity In May, the Innovation, Data, and Commerce Subcommittee of the House Energy and Commerce (E&C) Committee marked up a discussion draft of the American Privacy Rights Act (APRA) …
Continue reading PIA Engages with NAIC and Congress on Data Privacy
Last month, the Privacy Protections (H) Working Group (the Working Group) of the National Association of Insurance Commissioners (NAIC) issued a request for information concerning the Working Group’s path forward regarding its ongoing work to modernize the state regulation of consumer insurance data. The Working Group sought input on whether it should continue work on …
Continue reading PIA Comments to NAIC Working Group on Consumer Privacy Issues
On April 17, the House Financial Services Committee passed the Insurance Data Protection Act, which was introduced by Rep. Scott Fitzgerald (R-WI) with PIA’s strong support, by a vote of 28-22. This legislation will meaningfully reform the Federal Insurance Office (FIO), an unnecessary federal bureaucracy created by the 2010 Dodd-Frank Wall Street Reform and Consumer Protection Act. The …
Continue reading FIO Reform Bill Passes House Committee with PIA’s Full Support
In a win for PIA, consumers, and supporters of the state insurance regulatory system, the Federal Insurance Office (FIO) announced that it was abandoning its unprecedented effort to collect data on climate-related risks from property and casualty insurance carriers on behalf of the federal government. Instead, the National Association of Insurance Commissioners (NAIC) will now …
PIA, along with other insurance industry stakeholders, sent a letter to congressional leaders in support of legislation to amend the Consumer Financial Protection Act of 2010 to clarify the Consumer Financial Protection Bureau’s (CFPB) regulatory authority within the business of insurance. CFPB was created in 2011 to protect consumers in the financial sector, and its …
Continue reading PIA Urges Clarification of Insurance’s Exemption from CFPB Regulation
In the latest entry in our commissioner spotlight series, we are focusing on the head of the Connecticut Insurance Department (CID), Andrew Mais. Commissioner Mais has led the CID since 2019, when he was appointed to the post by CT Governor Ned Lamont. Earlier this year, Governor Lamont reappointed Commissioner Mais to a 2nd term …
Continue reading Commissioner Spotlight: Connecticut Insurance Commissioner Andrew Mais
In the latest entry in our commissioner spotlight series, we are focusing on the head of the Washington state Office of the Insurance Commissioner (OIC), Commissioner Mike Kreidler. Commissioner Kreidler has led the OIC for six terms since 2000. Earlier this year, Commissioner Kreidler announced he will not seek reelection and will retire when his …
Continue reading Commissioner Spotlight: Washington Insurance Commissioner Mike Kreidler
Last month, the Federal Insurance Office (FIO) of the Treasury Department issued a Notice of Information Collection and Request for Comment (NIC/RFC) on its planned data collection of climate-related financial risk information associated with U.S. homeowners’ insurance underwriting. In its latest regulatory action, the FIO sought the approval of the Office of Management and Budget …
Continue reading PIA Reiterates Objections to FIO Climate Data Call
