State Insurance Regulators Advocate for Consumers, Reforms During NAIC Commissioner DC Fly-In
This week, the National Association of Insurance Commissioners’ (NAIC) 2024 Commissioner DC Fly-In will provide state insurance regulators the opportunity to meet with their members of Congress, discuss efforts to assist constituents, and advocate for state and NAIC priorities.
During this year’s event, the NAIC will welcome three guest speakers:
- David Maurstad - Assistant Administrator, Federal Emergency Management Agency (FEMA) Federal Insurance Directorate and Senior Executive of the National Flood Insurance Program (NFIP)
- Chiquita Brooks-LaSure - Administrator, Centers for Medicare & Medicaid Services (CMS)
- U.S. Representative Warren Davidson (R-OH-08) - Chairman, Subcommittee on Housing and Insurance, U.S. House Financial Services Committee, and Vice Chairman, Subcommittee on Digital Assets, Financial Technology and Inclusion, U.S. House Financial Services Committee
State insurance regulators’ priorities include:
- Strengthening property insurance markets and enhancing mitigation and resilience efforts
- Giving state insurance regulators voting membership on the Financial Stability Oversight Council (FSOC)
- Protecting seniors from financial abuse
- Clarifying Consumer Financial Protection Bureau (CFPB) authority
- Protecting policyholders when insurers fail
- Combatting improper health insurance marketing
- Funding state health grants
- Opposing federal preemption of state data privacy, cyber, and artificial intelligence protections
- Preventing consumer protections in property insurance from being undermined by expanded risk retention groups
Find a detailed breakdown of these issues and more on the NAIC website.
About the National Association of Insurance Commissioners
As part of our state-based system of insurance regulation in the United States, the National Association of Insurance Commissioners (NAIC) provides expertise, data, and analysis for insurance commissioners to effectively regulate the industry and protect consumers. The U.S. standard-setting organization is governed by the chief insurance regulators from the 50 states, the District of Columbia and five U.S. territories. Through the NAIC, state insurance regulators establish standards and best practices, conduct peer reviews, and coordinate regulatory oversight. NAIC staff supports these efforts and represents the collective views of state regulators domestically and internationally.