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Sep 1, 2020

Welcome to RIMScast. Your host is Justin Smulison, Business Content Manager at RIMS, the Risk and Insurance Management Society.


Joining Justin in today’s conversation to discuss RIMS Virtual Advocacy Week & Legislative Summit 2020 is Florida Insurance Commissioner David Altmaier! David Altmaier was appointed as the Florida Insurance Commissioner in April 2016 by the Financial Services Commission. He leads the Office of Insurance Regulation (OIR) and has oversight of one of the largest insurance markets in the world. David is also the President-Elect of the National Association of Insurance Commissioners (NAIC).


On the 16th, during the RIMS Virtual Advocacy Week & Legislative Summit 2020 (which will be held September 14th–17th), Commissioner David Altmaier will be leading a fireside chat. In this episode, David gives a preview of the issues he will be discussing during this fireside chat and gives his views on other topics such as ORSA reports, new legislations, force majeure trends, and more!


Key Takeaways:

[:01] About RIMS’ Transitional Membership.

[:25] About today’s episode.

[:40] Current RIMS features and events.

[1:24] More about today’s episode with Commissioner David Altmaier.

[1:50] Justin welcomes Commissioner David Altmaier

[2:06] Commissioner David Altmaier speaks about his career background as well as his two current positions as Florida Insurance Commissioner and President-Elect of the NAIC.

[3:46] Regarding COVID-19, have the NAIC been consulting a playbook?

[5:04] Commissioner David Altmaier shares some of what he will be discussing during his fireside chat at RIMS Virtual Advocacy Week & Legislative Summit 2020.

[6:32] Will Commissioner David Altmaier be taking questions from the audience?

[6:55] Why do risk professionals have an important role to play in these discussions on the federal and state level?

[8:09] Will Commissioner David Altmaier be discussing TRIA and the NFIP during his fireside chat?

[9:57] Commissioner David Altmaier explains what ORSA is, why it is important, and what changes may be on the horizon.

[12:38] Currently, there is legislation being drafted that affects insurance policies to cover things that were not originally intended to be covered by the pandemic. Where does the NAIC stand on force majeure? And how does it affect Commissioner David Altmaier’s working relationship with insurance companies?

[15:00] Is Commissioner David Altmaier originally from Florida?

[15:28] How did Commissioner David Altmaier’s move from Kentucky to Florida influence or shape his view of insurance?

[18:48] Does Commissioner David Altmaier miss the math classroom setting at all?

[19:47] Justin thanks Commissioner David Altmaier for joining RIMScast and shares some links to check out in today’s show notes!


Mentioned in this Episode:

RIMS Virtual Advocacy Week & Legislative Summit 2020, Sept. 14th–17th: Register

RIMS Advocacy

RIMScast Episode: “RIMS Virtual Advocacy Week & Legislative Summit 2020 with Manny Padilla and Penni Nelson”

Become a RIMS Member to Attend Advocacy Week

RIMS Advisory Services — Ask a Peer

RIMS ERM Conference 2020

Upcoming RIMS Webinars

On-Demand Webinars

RIMS Coronavirus Information Center

RIMS Advocacy: Coronavirus Advocacy Information

RM Magazine

Risk Management Monitor

New Audio Series: RIMS Risk Leaders

RIMS-Certified Risk Management Professional (RIMS-CRMP)


RIMS Transitional Membership — Whether you are a new member or need to transition, be a part of the global risk management community!

Download any episode of RIMScast.

Florida Office of Insurance Regulation

National Association of Insurance Commissioners (NAIC)


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Follow up with Our Guest:

Commissioner David Altmaier’s FLOIR Bio

Commissioner David Altmaier’s LinkedIn