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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.

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