V4 2023

In This Issue:

News Brief 6-7

Costs of Dog Bites Rise by Double Digits…First Three Months of 2023 Had a Record 400+ Tornadoes…Time to Consider Flood Insurance…P/C Insurance Industry Had a $26.9 Billion Net Underwriting Loss in 2022… Outgoing CEO: NAIC “At Its Strongest Position Yet”… Colorado to Consider Forming “Insurer of Last Resort."

Regulatory Brief 8

PIA Counsel and Director of Regulatory Affairs Lauren G. Pachman, Esq. with a summary of federal regulatory activity.

Capitol Hill Update 9

PIA Vice President of Government Relations Jon Gentile with an update on several PIA issues of concern.

Trust Accounting and What Your Agency Might be Missing 11

Cover Story

End Federal Insurance Overreach 12

The very existence of the Federal Insurance Office (FIO) threatens the primacy of state regulation. PIA opposed the creation of the FIO from the outset and in November 2016, PIA became the first national insurance association to publicly call for the repeal of the FIO. PIA Counsel and Director of Regulatory Affairs Lauren G. Pachman, Esq. traces the history of the FIO and PIA’s opposition to it.

PIA Joins Travelers in Fight Against Cyber Threats 15

Planning for a Crisis with Ready for Everything 17

A PIA Member Benefit Spotlight

Department

From the President 5

From the CEO 5

PIA Member Benefits 16

PIA Connection Marketplace 17

PIA Affiliate Listings 18