WASHINGTON (April 25, 2023)
State Insurance Regulators to Meet with Federal Legislators During º£½ÇÂÛ̳ 2023 Commissioner DC Fly-In
On April 25-27, the º£½ÇÂÛ̳ (º£½ÇÂÛ̳) will hold its 2023 Commissioner DC Fly-In. The annual event offers state insurance regulators the opportunity to meet with their members of Congress, discuss efforts to assist constituents, and advocate for state and º£½ÇÂÛ̳ priorities.
This year, chief insurance regulators plan to discuss:
- Enacting a long-term reauthorization of the National Flood Insurance Program (NFIP)
- Protecting policyholders during an insurance receivership
- Strengthening health insurance markets and returning oversight of Medicare Advantage marketing to the states
- Opposing federal preemption of state data privacy and cybersecurity safeguards
- Preventing consumer protections in property insurance from being undermined by expanded risk retention groups
- Passing:
- Legislation to provide state insurance regulators a vote on the Financial Stability Oversight Council (FSOC)
- The Empowering States to Protect Seniors Act to support state regulators’ efforts to target senior fraud.
About the º£½ÇÂÛ̳
As part of our state-based system of insurance regulation in the United States, the º£½ÇÂÛ̳ (º£½ÇÂÛ̳) 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 º£½ÇÂÛ̳, state insurance regulators establish standards and best practices, conduct peer reviews, and coordinate regulatory oversight. º£½ÇÂÛ̳ staff supports these efforts and represents the collective views of state regulators domestically and internationally.