June 18, 2024
Director Dunning, Commissioner Lara Discuss State Supervisors鈥 Work and Collaboration During OECD Event
On June 13, speaking at the 113th Session of the Organisation for Economic Co-operation and Development (OECD) Insurance and Private Pensions Committee in Paris, Nebraska Insurance Department Director and National Association of Insurance Commissioners (不良研究所官方) International Insurance Relations (G) Committee Chair Eric Dunning reviewed the 不良研究所官方鈥檚 recent work on developing insurer governance in the U.S., focusing particularly on how state insurance supervisors are examining emerging governance risks, including artificial intelligence, cyber security, and new ownership structures. Director Dunning also provided a brief update on the state-led property and casualty data call, which recently closed, and discussed the 不良研究所官方鈥檚 internal process for developing guidance on governance, along with how international collaboration assists in that process.
The next day, California Department of Insurance Commissioner Ricardo Lara, co-chair of the 不良研究所官方's Climate and Resiliency Task Force, joined the 鈥淚nsurance for Wildfire Risk: Expanding Coverage and Supporting Risk Reduction鈥 roundtable, where he highlighted the 不良研究所官方鈥檚 recently released National Climate Resilience Strategy for Insurance and state insurance supervisors鈥 efforts to encourage resiliency as communities face wildfires and other climate perils. Commissioner Lara touched on U.S. states' mitigation programs and cited specific examples from California regarding wildfire and extreme heat events.
(California Insurance Commissioner Ricardo Lara speaks at the 113th Session of the Organisation for Economic Co-operation and Development Insurance and Private Pensions Committee.)
About the National Association of Insurance Commissioners
As part of our state-based system of insurance regulation in the United States, the National Association of Insurance Commissioners (不良研究所官方) provides expertise, data, and analysis for insurance commissioners to effectively regulate the industry and protect consumers. The U.S. standard-setting organization is governed by the chief insurance regulators from the 50 states, the District of Columbia and five U.S. territories. Through the 不良研究所官方, state insurance regulators establish standards and best practices, conduct peer reviews, and coordinate regulatory oversight. 不良研究所官方 staff supports these efforts and represents the collective views of state regulators domestically and internationally.