FIO Annual Report

Statement From Jimi Grande
Senior Vice President, Federal and Political Affairs
RE: Federal Insurance Office Annual Report

“The FIO Annual Report shows the continued strength of the property/casualty insurance industry despite the financial crisis and some of the worst years for natural catastrophes on record. It also highlights the work being done around the world to improve the efficiency and coordination of insurance regulation, which NAMIC believes should be carefully monitored to avoid a negative impact on the healthy and competitive U.S. property/casualty insurance market.”

“As FIO finalizes its report on regulatory modernization for the insurance industry, we hope it will keep the findings of this annual report in mind, and take a cautious approach in recommending changes to a system that has enabled the property/casualty insurance industry to protect consumers through these difficult times.”

Matt Brady
Director - Federal Public Affairs