NAIC News

California Commissioner Explains Call for Insurer Divestment from Coal

One can say California Insurance Commissioner Dave Jones has a beef with coal. Jones made a bold move on Jan. 25 when he asked all insurance companies doing business in California to voluntarily divest from their investments in thermal coal …

Tennessee Insurance Commissioner McPeak Elected as NAIC Officer

Tennessee Department of Commerce & Insurance (TDCI) Commissioner Julie Mix McPeak was elected Secretary-Treasurer of the National Association of Insurance Commissioners (NAIC). She joins the other 2016 NAIC officers elected during the NAIC’s Fall National Meeting in National Harbor, Md. …

Missouri Insurance Director Huff Elected NAIC President

Members of the National Association of Insurance Commissioners (NAIC) have elected 2016 officers who will will assume their duties on Jan. 1, 2016. President: Missouri Insurance Director John M. Huff President-Elect: Kentucky Insurance Commissioner Sharon P. Clark Vice President: Wisconsin …

Economics of Climate Change, Climate Fiction and Climate Control

With fresh news out on the global economic cost of climate change, an enticing climate fiction contest and a sweet victory for this column, it would take until Christmas to individually cover it all in a bimonthly space. So I’ll give …

Insurers Stepping Toward Greater Green Investment Footprint

This is the second of a two-part column on green bonds. The first installment focused on bond sales. Australian carrier QBE Insurance Group Ltd. has invested $190 million Australian Dollars ($148.42 million) in four green bonds in the last year-and-a-half, …

Video Ads Next Big Thing in Ridesharing?

James Bellefeuille is an Uber driver for a living, though he admits that what he earns is not much to live on. Yet in the new sharing economy, there’s hope for people like Bellefeuille who can bring some innovation and …

NAIC Adopts Ridesharing White Paper for State Policymakers

The National Association of Insurance Commissioners on Tuesday adopted a white paper on insurance coverage for ridesharing that offers several suggestions for how state regulators should deal with insurance issues. Ridesharing services offered by transportation network companies like Uber, Sidecar …

NAIC Report: New Jersey Tops Nation in Auto Insurance Rates

An annual industry report shows New Jersey has the costliest auto insurance rates in the nation. The National Association of Insurance Commissioners says New Jersey motorists paid an average of $1,220 in 2012. That’s about 49 percent more than the …

Climate Change Regulations for Insurers Not Out of Realm of Possibility

Some sort of climate change regulation for the insurance industry could be just around the corner. Then again, it might not be. It’s a tossup in the eyes of Don Reed, a managing director in PricewaterhouseCoopers’ U.S. sustainable business solutions …

Heading a National Ridesharing Outline a Political Gain for Jones?

A committee of regulators led by California Insurance Commissioner Dave Jones is working on standards on ridesharing that departments of insurance in states across the U.S. can look to as an example. Whether the National Association of Insurance Commissioners Sharing …