Elimination of the Federal Insurance Office (FIO): Implications for Insurance Regulation
In an era where regulatory complexity and insurance innovation are evolving rapidly, a low-profile but potentially seismic shift is underway in Washington, D.C. In January 2025, Congress reintroduced legislation—H.R. 643, the Federal Insurance Office Elimination Act—that seeks to dismantle the Federal Insurance Office (FIO), an entity created to modernize insurance oversight, support underserved communities, and […]