Top
image credit: Adobe Stock

Senator introduces bill to scrap FIO’s subpoena authority

November 30, 2023

Alabama senator Katie Britt has introduced a new bill that she said would counter recent attempts made by the Federal Insurance Office (FIO) to “overstep into the state-regulated insurance industry.”

The Insurance Data Protection Act, which was co-sponsored by 16 other senators, comes in response to FIO’s proposal to collect data from insurers to evaluate climate risks and assess potential disruptions within the private insurance space.

Read More on Insurance Business