Fall has officially begun! Perhaps you can feel it in the weather or see it as the foliage begins to show its beautiful, bright colors. For the NAIC, it begins a season of preparation for the final national meeting of the year.

 

The Regulators Podcast

In our third episode of The Regulators, NAIC CEO and host, Mike Consedine sits down with California Insurance Commissioner Ricardo Lara to talk climate risk and resiliency. Lara also talks about the challenges some Californians are facing after the devastating Paradise wildfire.

We've had some good feedback about the podcast so far and would appreciate if you help us spread the word about it by resharing it on your social media channels. We'd also like you to subscribe to The Regulators podcast on Spreaker or Spotify, if you haven’t done so already.

Below is a link to listen to this month's podcast along with a suggested tweet to use on Twitter using the hashtag #TheRegulators.

Social Media: 

@NAIC CEO @mikeconsedine sits down with  .@ICRicardoLara to talk climate risk and resiliency and the @CDInews partnership with the UN to address sustainability. Hear more about it in this month's #TheRegulators episode. ow.ly/MeNR50wxe4i

Toolkit Reminders

 

Over the past couple of months, many of you have seen the news releases, consumer alerts and insights we've put out about the importance of having flood insurance and wildfire insurance. Both campaigns are a part of the #YourRiskIsReal campaign. We've written the news releases, consumer alerts and insights so that you can edit and insert your state insurance department commissioner's information if you choose to do so. All the press releases and consumer alerts and insights can be found in the Flood and Wildfire Insurance Media Toolkits. We encourage you to download them and use them.

Here's a link to the tool kits; just download the file: https://we.tl/t-hKhLD6pc5o
Caveat: The link expires in 7 days.

While Life Insurance Awareness Month is over, the contents in the toolkit can be used on a day-to-day basis to educate consumers on the need and benefits of life insurance.

 

Health Insurance and Open Enrollment

 

Open enrollment for 2020 health insurance coverage through Marketplaces and individual plans is right around the corner. Open enrollment for federal exchanges runs from Nov. 1 through Dec. 15. Some states start earlier or end later.

Later this month, we'll release a consumer alert on 2020 open enrollment, along with other helpful tools you will be able to access and share with your consumers.

Information to Share

The NAIC recently conducted a survey on consumers knowledge about flood insurance and preparation if a disaster were to occur.  Here's a link to the survey results; it will be part of a news release to be distributed, Oct. 7.

Here are a few highlights:

Roughly half of Americans (51%) don't know that homeowners insurance doesn't cover damage/loss caused by a flood event – about a third (31%) incorrectly think it's covered and about 1 in 5 (21%) are not all sure.

Nearly 4 in 5 Americans (79%) don't know that FEMA grant amounts are not based on the value of the recipient's home.

Over half of Americans (53%) say they or someone they know have been a victim of a flood event.

Less than a quarter of Americans overall (23%) and just 29% of those residing in the South, think it is likely that their current home will be impacted by a flood event.

And a reminder that you have access to the NAIC Flickr account; you'll find images of our National Meeting and the Commissioner Head shot photos along with the monthly Words of the Week.

Word of the Week

Listed below are the words for the month. Please feel free to use and distribute these on your social media channels using the hashtag #WotW.

Oct 2^nd - Property and Casualty Insurance

Oct 9^th – Pet Insurance Policy

Oct. 16^th – High Deductible Health Plan

Oct. 23^rd – PPO

Oct. 30^th – Pre-authorization