Statement from Sean Kevelighan on Joint FIO/NAIC Data Call

“The Insurance Information Institute (Triple-I) commends the decision by the Federal Insurance Office and National Association of Insurance Commissioners to collaborate on a joint comprehensive property/casualty insurance data call to gather insights into the dramatic changes we’re seeing in the insurance marketplace. Insurance companies are committed to finding solutions for how we can predict and prevent property damage from natural disasters, as well as keeping costs of coverage at competitive levels. Data calls are time-consuming and expensive. A unified collection of data will help make this a more efficient process.”