May 7, 2024 — Letter

The letter urges the NAIC should be more transparent about the scope of the data call. The letter poses a series of questions, including which states are participating in it, from which insurance companies they will collect data, and what data will be collected. The letter urges that the complete data set collected must be publicly available for consumers and consumer advocates, policymakers, and researchers. The information should be in the same format and with the same detail as Departments of Insurance collect it. The letter also states that NAIC should convert this data call into an annual collection, and also collect data on insurance for affordable housing developers, condo associations, renters and condo insurance, force-placed insurance, and residual market policies. Finally, the letter advocates that all states should participate in the data call.