V6 2022

In This Issue:

Cover Story

The Federal Insurance Office Must Be Repealed 11

The existence of the FIO represents an ongoing threat to the successful state-based system of insurance regulation, observes Jon Gentile, PIA vice president of government relations.

News Brief 6-7

Insurance Tips for Students Heading to College.Inflation Means Replacing Your Home Will Cost More.Aon: Global Insured Cat Losses $39 Billion in H1.Home Insurance Prices Outpacing Inflation in Many States.Navigating Property Insurance.Men More Likely to be in Distracted Driving Fatalities.

PIA Market Access 8-9

Looking for a Specialized Solution for Your Book of Business? Consider PIA Market Access.

Recovery From Kentucky Floods to Be Costly 10

A lack of flood insurance is complicating efforts to recover from massive flood damage in Kentucky. Gov. Andy Beshear said that the state will need "significant dollars" to recover, calling the event "the most devastating flooding event our state has ever seen."

Effects Of Risk Rating 2.0, FEMA Statements Debated 15

Concerns are raised following an Associated Press article about the number of flood insurance policies that will be written or renewed in the National Flood Insurance Program (NFIP) in future years.

NCOIL News Roundup 13

PIA Counsel and Director of Regulatory Affairs Lauren G. Pachman, Esq. reports on a meeting of the National Council of Insurance Regulators (NCOIL).

The Coming Financial Storm 14

Opinion article by Michael Cormier on what independent agents need to know.

Department

From the President 5

From the CEO 5

PIA Member Benefits 16

PIA Member Benefit Spotlight 17

PIA Connection Marketplace 17

PIA Affiliate Listings 18