DIFI DIRECTOR EVAN DANIELS APPOINTED TO NAIC AND CSBS INNOVATION COMMITTEES

 

 

Phoenix, AZ – DIFI Director Evan Daniels recently was appointed to serve in 2022 on innovation-focused committees established respectively by the National Association of Insurance Commissioners (“NAIC”) and the Conference of State Banking Supervisors (“CSBS”). Director Daniels will serve as co-vice chair of the NAIC’s newly established standing committee on Innovation, Cybersecurity & Technology, the first new standing committee established by the NAIC’s membership in two decades. Director Daniels also will serve on CSBS’s Fintech and Innovation Steering Group. Both committees are charged with monitoring, evaluating, and providing regulatory recommendations regarding innovative products and services.

 

“Arizona continues to build momentum as a place that welcomes innovation, and I look forward to helping lead the discussion about when regulation is needed and when regulators should step out of the way,” said Director Daniels. “At a minimum, regulators should seek to be fully engaged in broadening their understanding of what is happening in the marketplace and how the industries they regulate are changing. These committees exist to help state regulators do exactly that, and I am honored to represent Arizona on them.”

 

These appointments continue Director Daniels’s leadership in innovation and regulatory policy. Before his appointment as DIFI’s director, Daniels led the first-in-the-nation Arizona Fintech Sandbox while part of the Arizona Attorney General’s Office.

 

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Daniels 2022 Committee Assignments.pdf

 

DIFI DIRECTOR EVAN DANIELS APPOINTED TO NAIC AND CSBS INNOVATION COMMITTEES

 

 

Phoenix, AZ – DIFI Director Evan Daniels recently was appointed to serve in 2022 on innovation-focused committees established respectively by the National Association of Insurance Commissioners (“NAIC”) and the Conference of State Banking Supervisors (“CSBS”). Director Daniels will serve as co-vice chair of the NAIC’s newly established standing committee on Innovation, Cybersecurity & Technology, the first new standing committee established by the NAIC’s membership in two decades. Director Daniels also will serve on CSBS’s Fintech and Innovation Steering Group. Both committees are charged with monitoring, evaluating, and providing regulatory recommendations regarding innovative products and services.

 

“Arizona continues to build momentum as a place that welcomes innovation, and I look forward to helping lead the discussion about when regulation is needed and when regulators should step out of the way,” said Director Daniels. “At a minimum, regulators should seek to be fully engaged in broadening their understanding of what is happening in the marketplace and how the industries they regulate are changing. These committees exist to help state regulators do exactly that, and I am honored to represent Arizona on them.”

 

These appointments continue Director Daniels’s leadership in innovation and regulatory policy. Before his appointment as DIFI’s director, Daniels led the first-in-the-nation Arizona Fintech Sandbox while part of the Arizona Attorney General’s Office.

 

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Daniels 2022 Committee Assignments.pdf

 

DIFI ANNOUNCES SCOTTSDALE COMMUNITY BANK OPENING

Phoenix, AZ – The Arizona Department of Insurance and Financial Institutions (DIFI) today announced that Scottsdale Community Bank, a newly state chartered full-service commercial bank, is now open for business at 8767 E. Via De Ventura, Suite 190, Scottsdale, AZ. 85258.

In fulfilling the requirements of the regulatory process, Scottsdale Community Bank has received final regulatory approval from DIFI as well as the Federal Deposit Insurance Corporation (FDIC).

Scottsdale Community Bank’s opening represents Arizona’s first independent bank charter approval in over a decade. Scottsdale Community Bank seeks to provide personalized financial services while leveraging market opportunity with small and medium-size businesses, especially those wishing to pursue product offerings with local decision-making and concern for the Scottsdale community.

“Scottsdale Community Bank’s willingness to invest in Arizona demonstrates the state’s strong position as a great place to do business and the need for continued banking expansion. Community banks continue to perform a significant role in the country’s banking sector, and I welcome this addition to Arizona’s banking community,” said DIFI Director Evan Daniels.

 

Details about Scottsdale Community Bank can be found on its website: www.scottsdalecommunitybank.com. 

 

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Scottsdale Community Bank -011222.pdf

 

DIFI ANNOUNCES SCOTTSDALE COMMUNITY BANK OPENING

Phoenix, AZ – The Arizona Department of Insurance and Financial Institutions (DIFI) today announced that Scottsdale Community Bank, a newly state chartered full-service commercial bank, is now open for business at 8767 E. Via De Ventura, Suite 190, Scottsdale, AZ. 85258.

In fulfilling the requirements of the regulatory process, Scottsdale Community Bank has received final regulatory approval from DIFI as well as the Federal Deposit Insurance Corporation (FDIC).

Scottsdale Community Bank’s opening represents Arizona’s first independent bank charter approval in over a decade. Scottsdale Community Bank seeks to provide personalized financial services while leveraging market opportunity with small and medium-size businesses, especially those wishing to pursue product offerings with local decision-making and concern for the Scottsdale community.

“Scottsdale Community Bank’s willingness to invest in Arizona demonstrates the state’s strong position as a great place to do business and the need for continued banking expansion. Community banks continue to perform a significant role in the country’s banking sector, and I welcome this addition to Arizona’s banking community,” said DIFI Director Evan Daniels.

 

Details about Scottsdale Community Bank can be found on its website: www.scottsdalecommunitybank.com. 

 

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Scottsdale Community Bank -011222.pdf
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Phoenix, AZ - The Department of Insurance and Financial Institutions (DIFI) has launched a new website that combines three previous agency websites into one, providing stakeholders and consumers with an updated resource for Department matters, resources, and education. 

 

On July 1, 2020, the previously standalone departments of Insurance, Financial Institutions, and the Arizona Automobile Theft Authority were consolidated into a single state agency. At consolidation’s onset, DIFI staff created a temporary website as a single entryway into each of the legacy agency websites. This strategy allowed website services and resources to remain available while an updated website was developed.

 

In conjunction with various partners, the updated website project began in June.  The project team, which included DIFI staff in the role of agency liaison to the developer, completed the design and build of the website in mid-October. The new website offers an updated and streamlined design that provides easily accessible transactions and searches. The design of the website started with the goal of making navigation of content more intuitive and with as few clicks as possible.  DIFI staff continues to make adjustments and improvements to the new site in an effort to make agency content easily accessible for consumers and industry professionals.

 

“I am proud of the work the DIFI team undertook to get this website live. Our website is often the main, and sometimes only, impression DIFI makes on many stakeholders and consumers. It therefore is vital that we seek to provide the best experience possible. The new, consolidated agency website is a significant improvement that we will be able to continuously improve and update going forward,” said DIFI Director Evan Daniels.


Please click here difi.az.gov to see our new site.

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DIFI ANNOUNCES THE LAUNCH OF A NEW AGENCY WEBSITE.pdf
Hero

Phoenix, AZ - The Department of Insurance and Financial Institutions (DIFI) has launched a new website that combines three previous agency websites into one, providing stakeholders and consumers with an updated resource for Department matters, resources, and education. 

 

On July 1, 2020, the previously standalone departments of Insurance, Financial Institutions, and the Arizona Automobile Theft Authority were consolidated into a single state agency. At consolidation’s onset, DIFI staff created a temporary website as a single entryway into each of the legacy agency websites. This strategy allowed website services and resources to remain available while an updated website was developed.

 

In conjunction with various partners, the updated website project began in June.  The project team, which included DIFI staff in the role of agency liaison to the developer, completed the design and build of the website in mid-October. The new website offers an updated and streamlined design that provides easily accessible transactions and searches. The design of the website started with the goal of making navigation of content more intuitive and with as few clicks as possible.  DIFI staff continues to make adjustments and improvements to the new site in an effort to make agency content easily accessible for consumers and industry professionals.

 

“I am proud of the work the DIFI team undertook to get this website live. Our website is often the main, and sometimes only, impression DIFI makes on many stakeholders and consumers. It therefore is vital that we seek to provide the best experience possible. The new, consolidated agency website is a significant improvement that we will be able to continuously improve and update going forward,” said DIFI Director Evan Daniels.


Please click here difi.az.gov to see our new site.

/sites/default/files/styles/thumbnail/public/media-icons/generic/generic.png?itok=ueqi8-zv
DIFI ANNOUNCES THE LAUNCH OF A NEW AGENCY WEBSITE.pdf

Phoenix, AZ - The Department of Insurance and Financial Institutions (DIFI) Automobile Theft Authority reports a 1.2% reduction in Arizona’s total vehicle thefts in 2020 according to recent data released from the FBI’s Uniform Crime Report (UCR) Program. 

The FBI report notes 17,937 reported vehicle thefts in Arizona for calendar year 2020, down 1.2% from 2019 (18,151).  According to the National Insurance Crime Bureau (NICB), Arizona ranks 14th in total number of vehicle thefts and 21st in the U.S. for the rate of vehicle theft (based on thefts per 100,000 residents).

In 2020, an estimated 810,400 vehicle thefts occurred in the U.S; an 11.8% increase from 2019.  The overall estimated vehicle theft rate in the U.S. was 246.0 per 100,000 residents, which marks the first time the U.S. rate exceeded Arizona’s rate (241.7).  Although vehicle thefts increased nationally in 2020, 10 states realized declines, including Arizona.

“The FBI report offers good news about decreased auto theft in Arizona last year. With continued grant funding from DIFI’s Automobile Theft Authority awarded to law enforcement, prosecutors, and for outreach and education, hopefully this downward trend continues. Most significantly, Arizona’s auto owners make the biggest difference by taking the time to park smart and secure their vehicles and belongings at all times,” said Director Evan Daniels. 

 

Phoenix, AZ - The Department of Insurance and Financial Institutions (DIFI) Automobile Theft Authority reports a 1.2% reduction in Arizona’s total vehicle thefts in 2020 according to recent data released from the FBI’s Uniform Crime Report (UCR) Program. 

The FBI report notes 17,937 reported vehicle thefts in Arizona for calendar year 2020, down 1.2% from 2019 (18,151).  According to the National Insurance Crime Bureau (NICB), Arizona ranks 14th in total number of vehicle thefts and 21st in the U.S. for the rate of vehicle theft (based on thefts per 100,000 residents).

In 2020, an estimated 810,400 vehicle thefts occurred in the U.S; an 11.8% increase from 2019.  The overall estimated vehicle theft rate in the U.S. was 246.0 per 100,000 residents, which marks the first time the U.S. rate exceeded Arizona’s rate (241.7).  Although vehicle thefts increased nationally in 2020, 10 states realized declines, including Arizona.

“The FBI report offers good news about decreased auto theft in Arizona last year. With continued grant funding from DIFI’s Automobile Theft Authority awarded to law enforcement, prosecutors, and for outreach and education, hopefully this downward trend continues. Most significantly, Arizona’s auto owners make the biggest difference by taking the time to park smart and secure their vehicles and belongings at all times,” said Director Evan Daniels. 

 

Fraud Badge

 

DIFI Fraud Unit Increases Staffing to Better Serve Southern Arizona

The Arizona Department of Insurance and Financial Institutions (DIFI) Insurance Fraud Division has increased staffing to enhance service to southern Arizona communities.

Effective September 20, 2021, DIFI assigned one full-time special agent to the Tucson area and another special agent to split time between Tucson and Phoenix. The agents newly assigned to the Tucson metro area will focus on investigating insurance fraud in Arizona’s southern counties of Pima, Graham, Greenlee, Santa Cruz, and Cochise.  

These special agents will have the ability to develop a network with law enforcement and other stakeholders to share information and conduct investigations on fraud-related matters. The agents will work cooperatively with the National Insurance Crime Bureau (NICB), the Department of Public Safety (DPS) Vehicle Theft Task Force and local insurance company special investigation units.  A local presence in Tucson will allow for quicker response to industry and citizens living in Tucson and the southernmost areas of the state.  

In FY21 (July 2020-June 2021), the DIFI Fraud Division received 3,548 insurance fraud referrals, often referred to as “questionable claims.” DIFI Fraud Division investigations in FY21 resulted in court-ordered restitution in excess of $1.8 million dollars, in addition to fines imposed by the court.  Defendants’ sentences ranged from probation to multi-year prison terms.

“Criminals committing or conspiring to commit insurance fraud should understand that nowhere in Arizona is safe for them to get away with their crimes,” said DIFI Director Evan Daniels, “A full-time presence in Southern Arizona will devote needed resources towards questionable claims coming out of that part of the state and further develop coordination with our dedicated law enforcement counterparts.”

Media Contact:

James McGuffin

[email protected]

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DIFIFraudUnit20210929.pdf
Fraud Badge

 

DIFI Fraud Unit Increases Staffing to Better Serve Southern Arizona

The Arizona Department of Insurance and Financial Institutions (DIFI) Insurance Fraud Division has increased staffing to enhance service to southern Arizona communities.

Effective September 20, 2021, DIFI assigned one full-time special agent to the Tucson area and another special agent to split time between Tucson and Phoenix. The agents newly assigned to the Tucson metro area will focus on investigating insurance fraud in Arizona’s southern counties of Pima, Graham, Greenlee, Santa Cruz, and Cochise.  

These special agents will have the ability to develop a network with law enforcement and other stakeholders to share information and conduct investigations on fraud-related matters. The agents will work cooperatively with the National Insurance Crime Bureau (NICB), the Department of Public Safety (DPS) Vehicle Theft Task Force and local insurance company special investigation units.  A local presence in Tucson will allow for quicker response to industry and citizens living in Tucson and the southernmost areas of the state.  

In FY21 (July 2020-June 2021), the DIFI Fraud Division received 3,548 insurance fraud referrals, often referred to as “questionable claims.” DIFI Fraud Division investigations in FY21 resulted in court-ordered restitution in excess of $1.8 million dollars, in addition to fines imposed by the court.  Defendants’ sentences ranged from probation to multi-year prison terms.

“Criminals committing or conspiring to commit insurance fraud should understand that nowhere in Arizona is safe for them to get away with their crimes,” said DIFI Director Evan Daniels, “A full-time presence in Southern Arizona will devote needed resources towards questionable claims coming out of that part of the state and further develop coordination with our dedicated law enforcement counterparts.”

Media Contact:

James McGuffin

[email protected]

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DIFIFraudUnit20210929.pdf

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