I would make a derisive comment about the NAIC wanting to party like it’s 1989, but I honestly don’t know whether (setting aside current political events) this is a good or bad idea.
From my silo… I knew FIO existed, but they hadn’t yet seemed relevant to anything I do/care about. Maybe that’s a naïve view?
They do stuff with terrorism, and ask for data. That’s been my personal experience. From a pure carrier perspective, it would be less work if they didn’t exist. Whether that work is meaningful I’m not the best to have an opinion.