1. Presentation to PAMIC’s Underwriting and Loss Prevention Seminar
November 10, 2016
Seth A. Mendelsohn
Executive Deputy Commissioner
Pennsylvania Insurance Department

2. What’s Happening at PID
It’s been a busy year for the department
Joe DiMemmo appointed Deputy Commissioner for Corporate & Financial Regulation in January
Making efforts towards expanding staff and hiring more positions

3. Governor Wolf began GO-TIME initiative shortly after taking office
Looks to modernize government to reduce costs and improve services
State agencies saved more than $156 million in FY

4. PID was among the most projects of any state agency for 2015-2016
GO-TIME
PID was among the most projects of any state agency for
Focus on workforce development, increasing operational efficiency
Using SERFF more often to increase efficiency – we encourage your companies to use it as well

5. Rates are increasing an average of 32.5%
Affordable Care Act
2017 Open Enrollment began on Nov. 1, is currently a priority for department
Rates are increasing an average of 32.5%
Due to subsidy access, most consumers will not feel full increases
According to Health & Human Services, 75% of PA residents that currently receive subsidies can get a plan for under $100/month

6. Private Flood Insurance
Want consumers to understand they have multiple options
Available through private and surplus lines insurers
We encourage you to consider this as a line of business

7. Private Flood Insurance
Want consumers to understand they have multiple options
Available through private and surplus lines insurers
Roughly 45 agencies selling flood insurance through private and surplus lines insurers
We encourage you to consider this as a line of business

8. Private Flood Insurance
Information on NFIP, private, and surplus lines flood insurance is available on our website.

9. Department staff testified on this in April
Auto Minimum Limits
Currently legislation in Pennsylvania General Assembly that would raise auto minimum limit
Department staff testified on this in April
Department supports raising these minimum limits

10. Sharing Economy & Technology
Governor Wolf recently signed a bill that fully legalized transportation network companies (TNC) like Uber and Lyft in Pennsylvania
Personal coverage does not cover commercial driving
Are you ready to address concerns from policyholders about how driving can impact their insurance?
What about other aspects of the sharing economy like AirBnB?

11. Sharing Economy & Technology
PID involved on task force exploring autonomous vehicles in Pennsylvania
It’s important to stay aware of shifting trends and developing technology so the industry is ready to adapt

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