State Regulators Need to Improve ‘Fragmented’ Efforts to Assess Insurers’ Climate Risks: FIO June 28, 2023 By Chad Hemenway The Federal Insurance Office (FIO) has released a new report analyzing climate-related issues and gaps in U.S. insurance supervision and...
A Look Back at Boston Marathon Bombing Insurance Claims April 18, 2023 By Andrew G. Simpson Ten years ago, on April 15, 2013, two brothers placed pressure cooker bombs near the finish line of the Boston...
NAIC Adds ‘Deep Concerns’ to FIO Bid to Collect Climate Change Data From Insurers November 23, 2022 By Chad Hemenway In a letter to the Treasury’s Federal Insurance Office, the National Association of Insurance Commissioners expressed its “deep concern” over...
RIMS Sends Letter to FIO in Support of Cyber Insurance Backstop November 22, 2022 RIMS said it issued a comment letter to the Federal Insurance Office in response to legislative dialogue regarding a federal...
Industry Trades Respond to FIO’s Proposal to Collect Climate Change Data October 19, 2022 By Chad Hemenway Shortly after Treasury’s Federal Insurance Office (FIO) proposed to have P/C insurers submit homeowners insurance underwriting data to assess climate...
Biden Administration Seeks Views on Climate Risks in Insurance, Financial Markets September 3, 2021 By Josh Boak In a season of daunting wildfires and flooding, the Biden administration is taking an initial step to assess how climate...
U.S. Treasury Begins Inquiry Into Climate Risks in Insurance August 31, 2021 The U.S. Department of the Treasury has announced that the Federal Insurance Office (FIO) is requesting information and soliciting public...
Ohio Director Froment Named to Federal Insurance Advisory Committee September 19, 2019 Ohio Department of Insurance reported that Director Jillian Froment has been appointed to serve on the Federal Advisory Committee on...
Congress Could Shrink Federal Insurance Office June 5, 2018 By Andrew G. Simpson Congressional efforts to curtail the federal government’s involvement in insurance regulation continue this week as a House panel is scheduled...
Insurers Push to Keep Industry Expert Woodall on U.S. Regulatory Council April 19, 2017 By Sarah N. Lynch and Suzanne Barlyn With no sign of a replacement in the works, the U.S. insurance industry is pushing to prevent the departure of...