May 4, 2021
Commissioner Andrew Mais Testifies on behalf of the ΒιΆΉΤ΄΄ at U.S. House Financial Servicesβ Subcommittee Hearing
ΒιΆΉΤ΄΄ Secretary-Treasurer and Connecticut Insurance Commissioner Andrew Mais testified on behalf of the ΒιΆΉΤ΄΄ at the U.S. House Financial Services Subcommittee on Housing, Community Development and Insuranceβs virtual hearing on βBuilt to Last: Examining Housing Resilience in the Face of Climate Change.β Other witnesses include the Natural Resources Defense Council, Ayuda Legal Puerto Rico, the Commissioner of Harris County, Texas, and Taxpayers for Common Sense. Commissioner Maisβ testimony focused on the importance of mitigation to improve disaster resiliency and highlights the work of the ΒιΆΉΤ΄΄βs Climate and Resiliency Task Force, notes state insurance regulatorsβ partnership with FEMA, and expresses support for a long-term reauthorization of the National Flood Insurance Program (NFIP). Read the full testimony.
ΒιΆΉΤ΄΄ the ΒιΆΉΤ΄΄
As part of our state-based system of insurance regulation in the United States, the ΒιΆΉΤ΄΄ (ΒιΆΉΤ΄΄) 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 ΒιΆΉΤ΄΄, state insurance regulators establish standards and best practices, conduct peer reviews, and coordinate regulatory oversight. ΒιΆΉΤ΄΄ staff supports these efforts and represents the collective views of state regulators domestically and internationally.