Namic, Big ‘I’ Join the call to get rid of the Federal Insurance Office

The National Association of Joint Insurance Companies, independent insurance agents and brokers in America is the latest of the industry to join an invitation to support a procedure to cancel the FBI.

On April 11, commercial groups submitted a message to a member of Congress in Montana Troy Downg, who earlier this year Human Resources 643, “the law canceling the Federal Insurance Office.”

“since [the FIO’s] In 2010, our associations have echoed concerns from the functional organizers about the FIO capabilities of the repeated work and transgressions, “I wrote Namic and Big written to Download, R-Mont. Unjustified threats from the summons.

“These procedures intersect directly to the work of the state organizers already, which creates inconsistent expectations, double, and the costs that consumers eventually bear.”

Support to get rid of FIO, which was created in 2010 as part of the Dodd-Frank Wall Street Report and consumer protection, is the latest of this industry. The National Insurance Commission (NAIC) has issued this year its agenda for the year 2025, which included the elimination of the American treasury. At the end of 2024, nine government efficiency management commissioners (DOGE) urged to look at FIO.

The commissioners said in their message to Doug: “From its inception, FIO has fluctuated between the ineffectiveness of betraying the trust in dealings with the states,” Commissioners said in their message to Dog.

I said Namic and Big have many reports or FIO sites.[failed] To include realistic contributions, perspectives and perspectives. “

The last post was a report in early 2025 on the ability to afford and the availability of insurance that FIO described as “the most comprehensive data on homeowners insurance in history.” As expected, the opinion has not been shared by the insurance industry.

Related to: The treasury issues the homeowners insurance report “Treasury”

David a. Sampson, CEO of the American Insurance Companies Association (APCIA), said at the time that the FIO report “provides an incomplete explanation about the ability to afford and provide costs.” Jimmy Grande of Namic, First Vice President for Federal and Political Affairs, said the Fio report “is a frustration of anyone who understands the principle of the basic insurance of matching the risks.”

Eliminate FIO is not a new idea. In 2023, members of the Republican Party in the House of Representatives submitted a bill to abandon FIO.

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