Federal Advisory Committee on Insurance (FACI)
Mission Statement
The Federal Advisory Committee on Insurance (FACI) provides advice and recommendations to assist FIO in carrying out its statutory authority.
The FIO was established by the Dodd-Frank Wall Street Reform and Consumer Protection Act. The FIO's authority extends to all lines of insurance except health insurance, long-term care insurance (except that which is included with life or annuity insurance components), and crop insurance.
The FACI shall provide its advice and recommendations directly to the FIO. The FACI will conduct its work in coordination with the FIO.
Resources
- 2026 Charter
- 2023 Charter
- 2021 Charter
- 2019 Charter
- 2017 Charter
- 2015 Charter
- 2013 Charter
- 2011 Charter
- By-Laws
- Dodd Frank
- List of Recommendations to FIO
- Public comments may be submitted or obtained by submitting a request to FACI@Treasury.gov
Meetings
Use the dropdown to select a year.
2024
- December 2024 Meeting Minutes
- Meeting Webcast (12/12/2024 at 1:00 pm EST)
- December 2024 Meeting Agenda
- Guy Carpenter Presentation on Outlook on AI-Driven Systemic Risks and Opportunities
- FIO Presentation on Recent IAIS Activities and the Joint Treasury/Federal Reserve Report on the Insurance Capital Standard
- Meeting Webcast (6/4/24 at 1:00 pm EDST)
- June 2024 Meeting Minutes
- June 2024 Meeting Agenda
- George Nichols III Presentation on Financial Inclusion and the Insurance Sector
- FIO and NSF Presentation on Industry-University Cooperative Research Center (IUCRC) for Terrorism and Catastrophic Cyber Insurance Modeling and Underwriting
- AM Best Presentation on Property & Reinsurance Market Update
- FIO Presentation on IAIS Next Steps on the Insurance Capital Standard and the Aggregation Method Comparability
- Meeting Webcast (3/20/24 at 2:00 pm EDST)
- March 2024 Meeting Minutes
- March 2024 Meeting Agenda
- FIO Climate Briefing Presentation
- S&P Global Ratings Presentation on the U.S. Life Insurance Sector
- David Maurstad Presentation on the National Flood Insurance Program
- Deloitte Presentation on AI Imperatives for the Insurance Industry
- EY Presentation on Responsible AI for Insurance Industry
- FIO Presentation on the Upcoming IFTRIP Conference in Washington DC
2023
2022
- September 2022 Meeting Video
- September 2022 Meeting Agenda
- September 2022 Meeting Minutes
- Presentations
- Presentation on the Insurance Policy Advisory Committee (IPAC) Report on the Potential Impact of the ICS on the U.S. Life Insurance Industry, Policyholders, and Markets
- United Policyholders Presentation, Hot Topic: Wildfire Risk and Insurance Markets
- Marsh McLennan Presentation, Innovative Risk Transfer Solutions: Reducing Disaster Risks and Building Resilience for Wildfires
- FIO Presentation on Request for Comments on a Potential Federal Insurance Response to Catastrophic Cyber Incidents
- Presenter Reference Materials
- June 2022 Meeting Video
- June 2022 Meeting Agenda
- June 2022 Meeting Minutes
- Update on the International Association of Insurance Supervisors: Federal Insurance Office
- Update on the Terrorism Risk Insurance Program: Federal Insurance Office
- Insurance Sector and Climate-Related Financial Risk: Federal Insurance Office
2021
- December 2021 Meeting Video
- December 2021 Meeting Agenda
- December 2021 Meeting Minutes
- Materials
- Presentations
- Federal Insurance Office, Insurance Sector and Climate-Related Financial Risk: Federal Insurance Office Request for Information
- Proposed Recommendations for FACI Consideration
- Presentations
- September 2021 Meeting Video
- September 2021 Meeting Agenda
- September 2021 Meeting Minutes
- Materials
- Presentations
- Robert Gordon and Bob Hartwig, APCIA, Consumer Behavior, the Macroeconomy, and the Uninsurability of Pandemic-Related Business Income Losses
- Martin South, Marsh, Building Pandemic Resilience Through Public-Private Partnership
- Presenter Reference Materials
- Marsh, Building Pandemic Resilience Through Public-Private Partnership Report
- RAND Corporation, Improving the Availability and Affordability of Pandemic Risk Insurance
- Committee on Capital Markets Regulation, Pandemic Business Interruption Insurance
- Proposed Recommendations for FACI Consideration
- Presentations
- June 2021 Meeting Video
- June 2021 Meeting Agenda
- June 2021 Meeting Minutes
- Materials
- Presentations:
- Federal Insurance Office, Personal Auto Insurance: FIO Request for Information
- Sean McGowan, Federal Emergency Management Agency, Earthquakes at Altitude
- Roy Wright, Insurance Institute for Business & Home Safety, Building the Future of Resilience
- Presenter Reference Materials:
- FIO, Request for Information on Monitoring the Availability and Affordability of Auto Insurance; Assessing Potential Evolution of the Auto Insurance Market
- Mitigation Framework Leadership Group, National Mitigation Investment Strategy
- Federal Emergency Management Agency, Wasatch Front Unreinforced Masonry Risk Reduction Strategy
- Proposed Recommendations for FACI Consideration:
- Principles for Life Insurance Premium Relief
- Availability/Affordability Studies (note: includes report from the Availability subcommittee on additional recent work)
- Presentations:
- February 2021 Meeting Video
- February 2021 Meeting Agenda
- Materials
- International Subcommittee Materials:
- Availability Subcommittee Materials:
- Proposed Recommendation for FACI Consideration:
- February 2021 Meeting Minutes
2020
- December 2020 Meeting Video
- December 2020 Meeting Agenda
- Materials
- Presentation:
- Burcu Kilic, Public Citizen, Consumer Privacy, Trust and Digital Trade
- Presenter Reference Materials:
- APCIA, IIABA, and NAMIC, Business Continuity Protection Program
- Business Continuity Coalition, Principles for Legislative Solution for Pandemic Insurance Coverage
- Business Continuity Coalition, Statement of the Business Continuity Coalition at the Hearing on "Insuring against a Pandemic: Challenges and Solutions for Policyholders and Insurers"
- Chubb, Pandemic Business Interruption Program
- Zurich, Draft Concept for Facilitating Pandemic Protection
- COVID-19 Subcommittee (Preparedness Workstream) Materials:
- International Subcommittee Materials:
- Proposed Recommendations for FACI's Consideration:
- Presentation:
- December 2020 Meeting Minutes
- September 2020 Meeting Video
- September 2020 Meeting Agenda of September2020 Meeting
- Materials
- Presentations:
- Robert Hartwig, University of South Carolina, COVID-19: The Insurability of Pandemic Risk & Market Implications for the P/C Insurance Industry
- Lloyd Dixon, RAND, Key Questions to Ask in Designing a Pandemic Risk Insurance Program
- L. Charles Landgraf, Arnold & Porter, Insurance Solutions for Pandemics
- Presenter Reference Materials:
- Robert Hartwig and APCIA, Uninsurability of Mass Market Business Continuity Risks from Viral Pandemics (2020)
- Robert Hartwig, Greg Niehaus, and Joseph Qiu, Insurance for Economic Losses Caused by Pandemics (2020)
- Lloyd Dixon and Bethany Saunders-Medina, Key Questions to Ask in Designing a Pandemic Risk Insurance Program (2020)
- Lloyd Dixon and Bethany Saunders-Medina, Is It Time for a Federal Pandemic Insurance Program? (2020)
- Lloyd Dixon and Bethany Saunders-Medina, Tapping Business Interruption Insurance Coverage to Assist Small Business During the COVID-19 Pandemic: Benefits and Drawbacks (2020)
- BCC Proposal: A Proposal from the Policyholder Community
- COVID-19 Subcommittee (Protection Workstream) Materials:
- Pandemic Solution Comparison Chart
- Marsh, Pandemic Risk Protection Report (2020)
- Availability Subcommittee Materials:
- HUD Reconsideration of Public Comments, Application of the Fair Housing Act's Discriminatory Effects Standard to Insurance (October 2016)
- HUD Final Rule, HUD's Implementation of the Fair Housing Act's Disparate Impact Standard
- Discussion Draft with Proposed Recommendations from May 27 Subcommittee Meeting
- Response of the American Property Casualty Insurance Association to the May 27 Discussion Draft
- Proposed Recommendations for FACI Consideration:
- Presentations:
- September 2020 Meeting Minutes
- June 2020 Meeting Video
- June 2020 Meeting Agenda of June 2020 Meeting
- Materials
- June 2020 Meeting Minutes of June 2020 Meeting
- February 2020 Meeting Agenda of February 2020 Meeting
- February 2020 Meeting Audio of February 2020 Meeting
- February 2020 Meeting Minutes
2019
- December 2019 Meeting Agenda of December 2019
- December 2019 Meeting Video
- Materials
- Availability Subcommittee Materials:
- Protection Gap Subcommittee Materials:
- Proposed Recommendations for FACI Consideration:
- December 2019 Meeting Minutes
- September 2019 Meeting Agendaof September 2019
- September 2019 Meeting VideoSeptember 2019
- Materials
- Protection Gap Subcommittee Materials:
- Proposed Recommendations for FACI Consideration:
- September 2019 Meeting Minutes
- June 2019 Meeting Agendaof June 2019
- June 2019 Meeting VideoJune 2019
- June 2019 Meeting Minutes
- April 2019 Meeting Agendaof April 2019
- April 2019 Meeting VideoApril 2019
- April 2019 Meeting Minutes
2018
- May 2018 Meeting Agendaof May 2018
- May 2018 Meeting VideoMay 2018
- Materials
- May 2018 Meeting Minutes
- February 2018 Meeting Agendaof February 2018
- February 2018 Meeting VideoFebruary 2018
- Materials
- February 2018 Meeting Minutes
2017
- December 2017 Meeting Agendaof December 2017
- December 2017 Meeting VideoDecember 2017
- Materials
- December 2017 Meeting Minutes
- May 2017 Meeting Agendaof May 2017
- May 2017 Meeting VideoMay 2017
- Materials
- May 2017 Meeting Minutes
- January 2017 Meeting Agendaof January 2017
- January 2017 Meeting VideoJanuary 2017
- Materials
- Amica Mutual Insurance Company Presentation on the Emerging Cost Drivers in Auto Insurance
- McKinsey & Company Presentation on Blockchain Technology in the Insurance Sector
- National Insurance Crime Bureau Presentation on Insurance Fraud
- Center for Economic Justice Presentation on the Opportunities and Challenges to Insurance Regulation and Consumer Protection from Insurers' Use of Big Data
- Treasury Presentation on the IAIS' Proposed Insurance Capital Standard
- January 2017 Meeting Minutes
2016
- August 2016 Meeting Agendaof August 2016
- August 2016 Meeting VideoAugust 2016
- Materials
- Treasury Presentation on Impact of the Prolonged Low Interest Rate Environment on the Availability and Affordability of Insurance Products
- Selective Insurance Group Presentation on Impact of the Prolonged Low Interest Rate Environment on the Availability and Affordability of Insurance Products
- C. Devine & Associates Presentation on Impact of the Prolonged Low Interest Rate Environment on the Availability and Affordability of Insurance Products
- KPMG Presentation on Developments of Insurance Issues Related to Autonomous Vehicles
- August 2016 Meeting Minutes
- May 2016 Meeting Agendaof May 2016
- May 2016 Meeting VideoMay 2016
- Materials
- May 2016 Meeting Minutes
2015
- November 2015 Meeting Agendaof November 2015
- Video 1November 2015
- Video 2November 2015
- Materials
- November 2015 Meeting Minutes
- May 2015 Meeting Agendaof May 2015
- May 2015 Meeting VideoMay 2015
- Materials
- May 2015 Meeting Minutes
2014
- November 2014 Meeting Agendaof November 2014
- November 2014 Meeting VideoNovember 2014
- Materials
- NIST Presentation on Cybersecurity Framework
- NIST Framework Core Sheet
- Zurich Presentation on Security & Privacy Insurance Market
- CFA Presentation of Affordability of Auto Insurance
- CFA High Price of Mandatory Auto Insurance
- CFA High Price of Auto Insurance Factsheet
- FIO Presentation on International Workstreams
- November 2014 Meeting Minutes
2013
- September 2013 Meeting Agendaof September 2013
- September 2013 Meeting VideoSeptember 2013
- Materials
- September 2013 Meeting Minutes
- June 2013 Meeting Agendaof June 2013
- June 2013 Meeting VideoJune 2013
- June 2013 Meeting MinutesJune 2013
- Materials
- March 2013 Meeting Agendaof March 2013
- March 2013 Meeting VideoMarch 2013
- March 2013 Meeting Minutes
2012
- November 2012 Meeting Agendaof November 2012
- November 2012 Meeting VideoNovember 2012
- November 2012 Meeting Minutes
- March 2012 Meeting Agendaof March 2012
- March 2012 Meeting VideoMarch 2012
- March 2012 Meeting Minutes