NAIC News

US Treasury Drops Plan to Collect Insurer Data on Climate Risks

The US government is stepping away from its effort to collect data on home insurance prices and availability at the Zip code level as premiums soar and climate risks to property intensify. Instead, it will join in a collaborative effort …

Oklahoma’s Mulready Appointed Chair of American Indian and Alaska Native Committees

Oklahoma Insurance Commissioner Glen Mulready has been re-appointed by the National Association of Insurance Commissioners (NAIC) to serve as the Chair for the American Indian and Alaska Native Liaison Committee in 2024. He was also named Vice-Chair of the Health …

Kansas Commissioner Schmidt to Serve on Three NAIC Committees

Kansas Insurance Commissioner Vicki Schmidt announced that she will be serving on three committees for the National Association of Insurance Commissioners (NAIC) in 2024. Committee assignments were made at the NAIC’s winter meeting in January. Schmidt was assigned to the …

New York Proposes Guidance Governing Insurers’ Use of AI

New York State is proposing guidance for insurance carriers to prevent unfair discrimination in their use of artificial intelligence and external data sources in underwriting and pricing. A circular letter from Superintendent of Financial Services Adrienne A. Harris outlines the …

Florida Commissioner, NAMIC Latest to Push Back on Federal Climate Change Data Call

Florida’s insurance commissioner and the National Association of Mutual Insurance Companies are pushing back against a plan by the U.S. Treasury to collect data from insurers on risks from climate change, calling it “federal overreach,” burdensome and unauthorized by law. …

Washington Commissioner Sends Climate Risk Disclosure Survey to Insurers

Washington Insurance Commissioner Mike Kreidler sent out his annual Climate Risk Disclosure survey, requiring insurance companies with more than $100 million in written premiums in the United States in 2022 to respond, his office announced on Friday. The survey was …

Third Time’s a Charm for Nevada’s Captive-Focused Insurance Commish

Scott Kipper’s list of LinkedIn experiences runs 14 items long, but that’s not so much him bragging. He’s moved around a lot in a career that stretches back more than 30 years. He could have just left off some of …

Louisiana’s Donelon Elected Chair of NAIC Southeast Zone

Louisiana Insurance Commissioner Jim Donelon was selected to chair the National Association of Insurance Commissioners (NAIC) Southeast Zone during the organization’s Fall National Meeting. Prior to his election as chair, Commissioner Donelon had served as secretary of the Southeast Zone. …

Georgia Lawmakers Adopt NAIC Rules on Group Capital, Stress Tests

The Georgia General Assembly this week passed a bill that adopts National Association of Insurance Commissioners’ recommendations for insurance holding companies, including calculations for group capital and a framework for liquidity stress tests. House Bill 969 was requested by the …

Arkansas Insurance Commissioner to Chair NAIC Workers’ Comp Task Force

Arkansas Insurance Commissioner Alan McClain has been appointed by the National Association of Insurance Commissioners (NAIC) to serve as the Chair for the Workers’ Compensation (C) Task Force, a subgroup of the Property and Casualty (C) Committee, commonly referred to …